USD/CHF is expected to trade with a bullish bias. The pair is still moving in an uptrend, backed by a bullish 50-period intraday MA. A strong support base around 0.9735 has been formed allowing for stabilisation. Currently, the pair seems more likely to consolidate, as the intraday RSI is turnes down, and is moving into its neutrality area around 50. Nevertheless, as long as 0.9750 (our stop loss) is not broken, the intraday outlook remains positive with targets at 0.98200 and 0.9850.
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