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29.05.201711:32 Forex Analysis & Reviews: Technical analysis of USD/CHF for May 29, 2017

Long-term review

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USD/CHF is expected to trade with a bullish outlook above 0.9720. The pair is rebounding on its horizontal support at 0.9720, and is likely to continue its rebound. The 20-period moving average has just crossed above the 50-period one, and the relative strength index is crossing above the neutrality area at 50. Even though a continuation of the consolidation in current stage cannot be ruled out, its extent should be limited.

As long as 0.9720 is not broken, look for further advance to 0.9760 and 0.9775 in extension.

Resistance levels: 0.9760, 0.9790, and 0.9835

Support levels: 0.9695, 0.9670, and 0.9650

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