FxWirePro: USD/CHF key support at 0.9830, bullish in the short term

The USD/CHF has bounced towards 0.9910 levels, after failing to break below 0.9850 support level. The pair has been trading in bullish trend off late and it is set to continue advancing further, as long as the pair trades above 0.9830 levels the pair remains under strong bulls control.

• The pair has close below 0.9830 in order find any bearish momentum unless until it’s good to go long on this pair.
   
• To the upside, the strong resistance can be seen at 0.9954, a break above this level would take the pair all the way towards 1.0000 levels.
   
• To the downside immediate support can be seen 0.9880, a break below this level will take the pair to next level at 0.9850.
  
  Resistance Levels
  
  R1: 0.9930 (38.2% Retracement level)
  
  R2: 0.9954 (March 7th high)
  
  R3: 1.0000(23.6% Retracement level)
  
  Support Levels
  
  S1: 0.9880 (50% Retracement level)
  
  S2: 0.9850 (Daily lows)
  
  S3: 0.9830 (61.8% Retracement level)