USD/CHF is supported by a rising trend line. The technical outlook of the pair is positive as the price is supported by a rising trend line since March 17. The ascending 20-period and 50-period moving averages suggest that the price still has a potential for a further upside. The relative strength index is also supported by the bullish trend line since March 15.
Therefore, as long as 0.9955 is not broken, expect a new rise to 1.0020 and even to 1.0045 in extension.
Resistance levels: 1.0020, 1.0045, and 1.0070
Support levels: 0.9935, 0.9920, and 0.9900
