USD/CHF is under pressure and the key resistance is at 0.9865. The pair remains under pressure below its key resistance at 0.9865, which should limit the upside potential. Indeed, the pair is drawing a flat consolidation in the 0.9865 – 0.9800 trading range. Besides, the relative strength index lacks upward momentum. To conclude, as long as the resistance at 0.9865 is not surpassed, the pair is likely to return to its key support at 0.9765. A break below this level would open the way to further weakness towards the horizontal support at 0.9735.
Resistance levels: 0.9895, 0.9920, 0.9945
Support levels: 0.9765 , 0.9735, 0.9710
The material has been provided by InstaForex Company – www.instaforex.com
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