USD/CHF remains pressured near five-year low. Bullish MACD tames the sellers, 100-HMA adds to the upside barriers. A sustained fall since early-June to multi-year bottom seeks pullback ahead of the Fed. USD/CHF recedes to 0.9171 during the pre-European session on Wednesday. The pair dropped to the lowest since June 2015 on Tuesday, which in turn portrayed a descending trend channel on the hourly chart. Though, bullish MACD and multiple days of downside offer breathing space to the bears ahead of the key Fed meeting. The same highlights the importance of 0.9215/20 area comprising the said channel’s resistance line and 100-HMA. Should the Fed surprises markets with the neutral or upbeat economic outlook, versus widely anticipated bearish statements, the quote can aim for July 22 low near 0.9280 ahead of aiming for June month’s low near 0.9375/80. During the pair’s further weakness, the channel’s support near 0.9150 can challenge the sellers before diverting them to May 2015 bottom surrounding 0.9080 and 0.9000 psychological magnet. USD/CHF hourly 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 India’s economic outlook worsens amid soaring coronavirus cases – Reuters poll FX Street 3 years USD/CHF remains pressured near five-year low. Bullish MACD tames the sellers, 100-HMA adds to the upside barriers. A sustained fall since early-June to multi-year bottom seeks pullback ahead of the Fed. USD/CHF recedes to 0.9171 during the pre-European session on Wednesday. The pair dropped to the lowest since June 2015 on Tuesday, which in turn portrayed a descending trend channel on the hourly chart. Though, bullish MACD and multiple days of downside offer breathing space to the bears ahead of the key Fed meeting. The same highlights the importance of 0.9215/20 area comprising the said channel’s resistance line and 100-HMA.… 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.
