USD/CHF is under pressure. The pair broke below its 20-period and 50-period moving averages, which confirms a negative view. The relative strength index is below its neutrality level at 50 and lacks upward momentum. Additionally, 1.0015 is playing a key resistance role, which should maintain the strong selling pressure.
As long as this level is not broken above, a further downside to 0.9965 and even 0.9940 is expected.
Resistance levels: 1.0035, 1.0050, 1.0070
Support levels: 0.9965, 0.9940, 0.9910
The material has been provided by InstaForex Company - www.instaforex.com
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