USD/CHF pair movement is supported by a rising trend line, which emerged on October 10, and is holding on the upside. The rising 50-period moving average is playing a support role and maintains the upside bias. The relative strength index is above its neutrality level at 50. Federal Reserve of Chicago President Charles Evans commented that the U.S. economy is on a sound footing and raising interest rates in December "could be fine."
As long as 0.9840 holds on the downside, look for a further upside toward 0.9925. A break above this level would call for a further advance toward 0.9945.
Resistance levels: 0.9925, 0.9945, 0.9985
Support levels: 0.9810, 0.9790, 0.9765
The material has been provided by InstaForex Company - www.instaforex.com