USD/CHF is expected to trade with bearish bias as the key resistance stands at 0.9820. The pair remains under pressure below its key resistance at 0.9820 (Sept 2 top), which should limit the upside potential. The relative strength index is around its neutrality area at 50 and is mixed to bearish.
To conclude, as long as 0.9820 is not surpassed, the pair is likely to pull back to test its next support at 0.9685. A break below this level would open the way to further weaknesses toward 0.9645. Alternatively, only a break above 0.9820 would call for further advance with 0.9855 and 0.9885 as targets.
Resistance levels: 0.9855, 0.9885, 0.9935
Support levels: 0.9685, 0.9645, 0.9600
The material has been provided by InstaForex Company - www.instaforex.com