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29.11.2016 06:20 AM
Technical analysis of USD/CHF for November 29, 2016

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USD/CHF is expected to rebound. The pair broke below its 20-period moving average but is still trading above the 50-period one. The relative strength index is around its neutrality level at 50 and lacks downward momentum. Additionally, 1.0100 is playing a key support role, which should limit the downside potential.The U.S. dollar got deeper into its consolidation phase. The ICE U.S. Dollar Index sank to a session-low of 100.64, the lowest intraday level since November 17, before settling at 101.18, down 0.3% on day.

As long as this key level is not broken, look for a technical rebound toward 1.0190. A break above this level would call for a further upside toward 1.0220.

Resistance levels: 1.0190, 1.0220, 1.0250

Support levels: 1.0070, 1.0040, 1.0010

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