USD/CHF recovers from 0.9148 after breaking one-week-old ascending trend channel. Buyers will wait for entries unless stepping back inside the channel formation. The weekly low can offer immediate support ahead of 0.9100 round-figures. USD/CHF trims initial losses while picking up bids near 0.9152 during the pre-European session on Tuesday. The pair broke a four-day-old ascending trend channel formation but 200-hour EMA and 50% Fibonacci retracement of its August 03-05 downside triggered its latest pullback. Even so, bearish MACD challenges the optimism while also highlighting the channel’s support line, at 0.9160. If at all the pair manages to cross 0.9160, 61.8% Fibonacci retracement level around 0.9168 could gain market attention. However, bulls’ ability to cross 0.9168 will swiftly cross 0.9200 to attack the channel’s upper line, currently around 0.9210. Meanwhile, a downside break of 0.9147 support confluence will direct the sellers towards the weekly low near 0.9122 and then to the 0.9100 threshold. In a case where the bears command past-0.9100, Wednesday’s multi-month low of 0.9050 will be the key ahead of 0.9000 psychological magnet. USD/CHF hourly 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 UK Jobs Preview: GBP/USD to extend the BoE-fueled gains on another robust report FX Street 2 years USD/CHF recovers from 0.9148 after breaking one-week-old ascending trend channel. Buyers will wait for entries unless stepping back inside the channel formation. The weekly low can offer immediate support ahead of 0.9100 round-figures. USD/CHF trims initial losses while picking up bids near 0.9152 during the pre-European session on Tuesday. The pair broke a four-day-old ascending trend channel formation but 200-hour EMA and 50% Fibonacci retracement of its August 03-05 downside triggered its latest pullback. Even so, bearish MACD challenges the optimism while also highlighting the channel’s support line, at 0.9160. If at all the pair manages to cross 0.9160, 61.8%… 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.
