USD/CHF is expected to trade in higher range as the bias remains bullish. The pair is consolidating but is still trading above its key support at 1.0000, which should limit the downside potential. The relative strength index is above its neutrality level at 50 and lacks downward momentum.
As long as 1.0000 holds as a support, look for a further upside toward 1.0050. A break above this level would call for a further advance toward 1.0075.
Resistance levels: 1.0075, 1.0100, and 1.0135
Support levels: 1.000, 0.9975, and 0.9930
The material has been provided by InstaForex Company - www.instaforex.com
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