USDCHF (D) - medium term bullish bias
Today the greenback is making another push at the parity, an important psychological level. The pair has been rising along a well-defined trendline after a bullish MA cross in early September, and we expect the trend to carry on as long as the price stays above the line. The RSI is still in the neutral territory, which gives the longs enough room for a move towards 1.0100.
Key support: 0.9850
Key resistance: 1.0010/1.0100
Today the greenback is making another push at the parity, an important psychological level. The pair has been rising along a well-defined trendline after a bullish MA cross in early September, and we expect the trend to carry on as long as the price stays above the line. The RSI is still in the neutral territory, which gives the longs enough room for a move towards 1.0100.
Key support: 0.9850
Key resistance: 1.0010/1.0100