USD/CHF is expected to trade with a bullish bias above 1.0060. The pair is consolidating below its 20-period and 50-period moving averages. The relative strength index is below its neutrality level at 50. Nevertheless, 1.0060 is playing a key support role, which should limit the downside potential. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
As long as the key level at 1.0060 is not broken, look for a further upside toward 1.0125 first. A break above 1.0125 would call for a further advance toward 1.0145.
Resistance levels: 1.0125, 1.0145, 1.0190
Support levels: 1.0025, 0.9990, 0.9940
