- USD/CHF probes intraday high above 0.9150.
- Bullish MACD favor buyers but 100-bar SMA adds to the upside barriers.
- Sellers need downside break of three-day-old support line for fresh entries.
USD/CHF takes the bids near 0.9160, up 0.13% intraday, during the pre-European session open on Monday.
The bullish MACD and a sustained break of 0.9150 resistance, now support, favor the pair’s upside to a descending trend line from October 02, at 0.9163 now.
However, the pair buyers will be more inclined to witness a clear upside beyond 100-bar SMA, currently around 0.9172, while targeting the 0.9200 threshold.
Alternatively, USD/CHF bears are less likely to watch for any opportunities unless the quote stays above a short-term support line near 0.9125.
Following that, the 0.9100 round-figure and the monthly low around 0.9085 hold the key to the further downside towards the September 10 low close to 0.9050 and the 0.9000 psychological magnet.
USD/CHF four-hour chart
Trend: Further upside expected
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