USD/CHF is expected to extend its upside movement. The pair broke above its 20-period moving average as well as the upper boundary of the Bollinger band, which could signal a continuation of bullish trend. The rising 50-period moving average suggests that the pair still has potential for a further upside.
As long as 1.0205 holds on the downside, look for a further upside toward 1.0245 and even 1.0275 in extension.
Resistance levels: 1.0245, 1.0275, 1.0295
Support levels: 1.0170, 1.0145, 1.0115
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2hMCIhe
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