USD/CHF is expected to trade with a bulish bias. The pair is consolidating but is still trading above its rising 50-period moving average. The relative strength index is above its neutrality level at 50 and lacks downward momentum. Additionally, 0.9800 represents a significant key support level, which should limit the downside potential.
As long as this key level is not broken, look for a further advance toward 0.9915 and 0.9955 in extension.
Resistance levels: 0.9915, 0.9955, 0.9995
Support levels: 0.9765, 0.9735, 0.9670
The material has been provided by InstaForex Company - www.instaforex.com