FX.co ★ Technical analysis of USD/CHF for March 21, 2017

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