USD/CHF is expected to trade with Bullish bias above 1.000. The pair managed to break above its bearish trend line and the 50-period moving average, which confirmed a positive outlook. Besides, a bullish cross between the 20-period and 50-period moving averages has been identified. The relative strength index is above its neutrality level at 50, and lacks downward momentum.
Therefore, as long as 0.9930 is holding on the downside, look for a further rebound to 1.000.
Resistance levels: 1.000, 1.0025, and 1.0050
Support levels: 0.99, 0.9885, and 0.9860
