USD/CHF increased bearish momentum after breaking below the triangle support line at 0.9650. The next target for the bears is now May 1 low at 0.9590. The US dollar increased its bearish pressure on Thursday after breaking below the bottom line of the last two months’ triangle pattern at 0.9650 area. The pair has extended losses on Friday, reaching levels near the last 2, ½ month lows, at 0.9590 with the market on a risk-off tone, awaiting US President Trump’s conference on China. A convincing move below the mentioned 0.9590 (May 1 low) might encourage sellers to push the pair towards 0.9545 (50% retracement of March’s rally) on its way to March 27 low at 0.9500. On the flip side, the USD/CHF should move back above the broken trendline support, now at 0.9660, to ease bearish pressure and attack the 50 and 100-day SMA, at 0.9685/0.9700 before trendline resistance at 0.9730. USD/CHF daily chart USD/CHF key levels to watch 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 Ethereum Classic Price Analysis: 161.8% Fib extension close to 7.67 could be the next target FX Street 3 years USD/CHF increased bearish momentum after breaking below the triangle support line at 0.9650. The next target for the bears is now May 1 low at 0.9590. The US dollar increased its bearish pressure on Thursday after breaking below the bottom line of the last two months’ triangle pattern at 0.9650 area. The pair has extended losses on Friday, reaching levels near the last 2, ½ month lows, at 0.9590 with the market on a risk-off tone, awaiting US President Trump’s conference on China. A convincing move below the mentioned 0.9590 (May 1 low) might encourage sellers to push the… 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.
