USD/CHF is expected to trade in a higher range as the movement is supported by a rising trend line. The technical picture of USD/CHF is bullish above a rising trend line, which emerged on Dec 30. The rising 50-period moving average is playing a support role and maintains the upside bias. The relative strength index is supported by an ascending trend line.
As long as 1.0245 is support, look for a further upside toward 1.0305 and 1.0335 in extension.
Resistance levels: 1.0305, 1.0335, 1.0375
Support levels: 1.0205, 1.0170, 1.0145
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2j7L6Kc
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