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09.11.201612:49 Forex Analysis & Reviews: Technical analysis of USD/CHF for November 09, 2016

Long-term review

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USD/CHF is expected to prevail its upside movement. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is bullish above its neutrality level at 50 and is heading upwards. Additionally, the pair broke above the upper boundary of the Bollinger Band, which could signal a continuation of a bullish trend.

As long as 0.9690 is support, look for a further upside toward 0.97090 and 0.9875 in extension.

Resistance levels: 0.9790, 0.9875, 0.9950

Support levels: 0.9635, 0.9545, 0.9500

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