USD/CHF extends previous day’s recovery moves from 0.9009 to refresh the intraday high. A two-day-old falling trend line precedes weekly resistance line and 100-HMA to guard immediate upside. Sellers will have to smash the 0.9000 psychological magnet to retake control. USD/CHF rises to the intraday high of 0.9040, currently around 0.9038, during the early Wednesday. In doing so, the quote not only stretches the pullback from the late-January 2015 lows flashed the previous day but also confronts a two-day-old resistance line. Considering the bullish MACD conditions, the pair is expected to cross 0.9041 immediate resistances. However, its further upside becomes doubtful unless crossing another descending resistance line drawn from August 14, at 0.9050. Following that, 100-HMA and August 12 top, respectively near 0.9075 and 0.9200, can lure the bulls. On the contrary, a downside break of an immediate support line near 0.9030 can recall 0.9000 mark on the chart. Though, any more weakness past-0.9000 will eye July 2014 bottom surrounding 0.8850/55 during the further declines. 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: Slow recovery leaves business counting on cash support – The Times FX Street 2 years USD/CHF extends previous day’s recovery moves from 0.9009 to refresh the intraday high. A two-day-old falling trend line precedes weekly resistance line and 100-HMA to guard immediate upside. Sellers will have to smash the 0.9000 psychological magnet to retake control. USD/CHF rises to the intraday high of 0.9040, currently around 0.9038, during the early Wednesday. In doing so, the quote not only stretches the pullback from the late-January 2015 lows flashed the previous day but also confronts a two-day-old resistance line. Considering the bullish MACD conditions, the pair is expected to cross 0.9041 immediate resistances. However, its further upside becomes… 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.
