USD/CHF bounces off the short-term key support confluence comprising 21 and 50-day EMA as well as 38.2% Fibonacci retracement. 200-day EMA, 61.8% Fibonacci challenge buyers amid bullish MACD. USD/CHF registers 0.21% gains while taking the bids around 0.9805 during the early Monday. The pair recently reversed from 21/50-day EMA and 38.2% Fibonacci retracement of October 2019 to January 2020 declines. Also supporting the pullback are bullish signals from MACD. That said, the pair now aims to confront 50% Fibonacci retracement level of 0.9820 whereas a 200-day EMA level of 0.9845 becomes the tough nut to crack for buyers afterward. Should there be a sustained run-up beyond 0.9845, 61.8% Fibonacci retracement level of 0.9870 and 0.9900 will be on the bulls’ radars. Alternatively, the pair’s daily closing below 0.9770/75 support confluence can divert sellers towards 0.9750/45 ahead of highlighting a 23.6% Fibonacci retracement level of 0.9710. USD/CHF daily chart Trend: Pullback expected 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 Official: Bank Indonesia intervenes to curb capital outflows amid coronavirus spread FX Street 2 years USD/CHF bounces off the short-term key support confluence comprising 21 and 50-day EMA as well as 38.2% Fibonacci retracement. 200-day EMA, 61.8% Fibonacci challenge buyers amid bullish MACD. USD/CHF registers 0.21% gains while taking the bids around 0.9805 during the early Monday. The pair recently reversed from 21/50-day EMA and 38.2% Fibonacci retracement of October 2019 to January 2020 declines. Also supporting the pullback are bullish signals from MACD. That said, the pair now aims to confront 50% Fibonacci retracement level of 0.9820 whereas a 200-day EMA level of 0.9845 becomes the tough nut to crack for buyers afterward. Should… 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.
