USD/CHF takes the bids near fresh seven-week high. Bullish MACD, sustained break of 50-day EMA keeps the bulls hopeful. Early-month top offers immediate support, major bears will stay away unless breaking the monthly support line. USD/CHF rises to 0.9215, up 0.20% intraday, while heading into the European open on Wednesday. In doing so, the Swiss major refreshes the highest level since August 03 while also attacking a descending trend line from June 30. Considering the bulls’ ability to successfully cross 50-day EMA, amid bullish MACD, USD/CHF prices are likely to stay positive. Hence, further buying awaits a clear break of 0.9220 while targeting the August month’s peak surrounding 0.9240/45. Though, the 100-day EMA near 0.9300 may tame the pair’s additional upside. On the downside, the September 08 top near 0.9200 and 50-day EMA level of 0.9181 can entertain short-term sellers ahead of the August 20 high close to 0.9160. However, a major selling is likely unless USD/CHF trades above an upward sloping trend line from September 01, at 0.9080 now. USD/CHF daily chart Trend: Bullish 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 Bitcoin Price Forecast: BTC stifled under strong resistance stacks – Confluence Detector FX Street 1 year USD/CHF takes the bids near fresh seven-week high. Bullish MACD, sustained break of 50-day EMA keeps the bulls hopeful. Early-month top offers immediate support, major bears will stay away unless breaking the monthly support line. USD/CHF rises to 0.9215, up 0.20% intraday, while heading into the European open on Wednesday. In doing so, the Swiss major refreshes the highest level since August 03 while also attacking a descending trend line from June 30. Considering the bulls’ ability to successfully cross 50-day EMA, amid bullish MACD, USD/CHF prices are likely to stay positive. Hence, further buying awaits a clear break of… 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.
