USD/CHF is expected to trade in a lower range as the key resistance at 0.9975. Despite a recent rebound, the pair is still trading below the key resistance at 0.9975, which should limit the upside potential. The relative strength index is mixed to bearish. Even though a continuation of technical rebound cannot be ruled out, its extent should be limited.
To sum up, as long as 0.9975 is not surpassed, expect a return to 0.9925 and even to 0.9905 in extension.
Resistance levels: 1.000, 1.0025, and 1.0050
Support levels: 0.9925, 0.9905, and 0.9860
The material has been provided by InstaForex Company - www.instaforex.com
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