Technical Analysis of USD/CHF for June 30, 2016
USD/CHF is expected to trade with a bullish bias above 0.9760. The pair remains bullish on an intraday basis. In addition, a strong support base around 0.9760 should limit any downward attempts. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. To sum up, as long as 0.9760 holds on the downside, we are still positive and expect a new rebound to 0.9840 at first, and then to 0.9900.
Resistance levels: 0.9840, 0.9900, 0.9945
Support levels: 0.9720, 0.9660, 0.9585