USD/CHF rises for the third consecutive day despite failing to provide a daily close beyond 50-day SMA. Normal RSI conditions, sustained trading beyond 21-day SMA directs buyers toward a falling trend line from August 03. Sellers may wait for the downside break of the September 10 low before taking any entries. USD/CHF remains mildly bid while trading near 0.9153 during early Tuesday. The pair buyers cheer the successful break of the 21-day SMA amid normal RSI conditions but the 50-day SMA seems to limit the immediate upside. Even if the quote closes beyond the said SMA resistance of 0.9150, a seven-week-old resistance line near 0.9180 can will question further upside by USD/CHF. Should the bulls manage to conquer 0.9180, the 0.9200 threshold and 61.8% Fibonacci retracement of June 30 to August 31 fall, close to 0.9330, will be on their radars. On the contrary, a downside break of 21-day SMA, currently around 0.9100, will not be enough to recall the sellers as there are multiple supports adjacent to 0.9050/45 that also includes September 10 bottom. Furthermore, the August month’s low of 0.8998 and the late January 2015 high around 0.8770 are likely levels that can lure the bears past-0.9045. 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 NZD/USD Price Analysis: Double top on the daily chart FX Street 1 year USD/CHF rises for the third consecutive day despite failing to provide a daily close beyond 50-day SMA. Normal RSI conditions, sustained trading beyond 21-day SMA directs buyers toward a falling trend line from August 03. Sellers may wait for the downside break of the September 10 low before taking any entries. USD/CHF remains mildly bid while trading near 0.9153 during early Tuesday. The pair buyers cheer the successful break of the 21-day SMA amid normal RSI conditions but the 50-day SMA seems to limit the immediate upside. Even if the quote closes beyond the said SMA resistance of 0.9150, a… Top 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.
