USD/CHF bounces off 23-month low amid oversold RSI. January/February bottoms could restrict immediate upside. An eight-day-old falling trend line adds to the resistance. February 2018 top seems to be on the Bears’ radar. USD/CHF recovers 0.11% from the lowest since September 2018 amid the pre-Europe session on Wednesday. With the RSI conditions oversold, the quote seems to extend the pullback towards the lows marked during January and February months of the current year. However, it’s further is less likely considering bearish MACD. If at all the buyers refrain to respect MACD and dominate past-0.9615 resistance, a short-term falling trend line from February 21, currently at 0.9700, will be important. It should, however, be noted that the pair’s sustained trading past-0.9700 enables it to challenge the yearly top surrounding 0.9850. Alternatively, a daily closing below Tuesday’s low of 0.9515 may take a rest near 0.9500 round-figure prior to declining further towards February 2018 high near 0.9470. USD/CHF daily chart Trend: Bearish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Introducing CoronaCoin: A token that cashes in on deaths caused by Coronavirus FX Street 3 years USD/CHF bounces off 23-month low amid oversold RSI. January/February bottoms could restrict immediate upside. An eight-day-old falling trend line adds to the resistance. February 2018 top seems to be on the Bears’ radar. USD/CHF recovers 0.11% from the lowest since September 2018 amid the pre-Europe session on Wednesday. With the RSI conditions oversold, the quote seems to extend the pullback towards the lows marked during January and February months of the current year. However, it’s further is less likely considering bearish MACD. If at all the buyers refrain to respect MACD and dominate past-0.9615 resistance, a short-term falling trend line… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
