USD/CHF Intraday: The upside prevails. The pair broke above its 50-period moving average and accelerated on the upside. The upward momentum is further reinforced by its rising 20-period moving average, which plays support role and maintains the upside bias. The relative strength index stands firmly above its neutrality level at 50.The U.S. dollar dived in early Asian trading hours when vote-counting results started to come out.
As long as 0.9775 is support, look for a further upside toward 0.9915 and even 0.9955 in extension.
Resistance levels: 0.9915, 0.9955, 0.9995
Support levels: 0.9735, 0.9670, 0.9620
The material has been provided by InstaForex Company – www.instaforex.com
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