The USD/CHF is approaching the peak of a two-month-old triangle formation. Daily charts show the pair capped below triangle resistance, at 0.9730. US dollar rebound from two-week lows at 0.9640 has been capped at 0.9735 where the pair has found resistance at the upper limit of the last two months’ triangle formation. The daily chart shows the pair printing lower highs and higher lows, squeezed within ever-narrowing limits approaching the peak of a triangle shape. With the pair supported so far above the 50-day SMA, a daily close above trendline resistance, right now around 0.9730 would set the dollar aiming towards the 200-day SMA at 0.9785 on its way to March 23 highs at 0.9900. On the downside, the 50 and 100-day SMA, at 0.9685/0.9700 are closing the path towards trendline support at 0.9650 and May 1 low at 0.9590. 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 US Dollar Index Price Analysis: DXY ends the week just below the 100.00 mark FX Street 3 years The USD/CHF is approaching the peak of a two-month-old triangle formation. Daily charts show the pair capped below triangle resistance, at 0.9730. US dollar rebound from two-week lows at 0.9640 has been capped at 0.9735 where the pair has found resistance at the upper limit of the last two months’ triangle formation. The daily chart shows the pair printing lower highs and higher lows, squeezed within ever-narrowing limits approaching the peak of a triangle shape. With the pair supported so far above the 50-day SMA, a daily close above trendline resistance, right now around 0.9730 would set the dollar aiming towards… 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.
