USD/CHF seesaws in a choppy range between 0.9170 and 0.9185. Overbought RSI favors the pair’s further pullback from the early 2015 lows. A descending trend line from March 27, 21-day SMA probes the bulls. USD/CHF approaches the upper-end of the immediate trading range while taking rounds to 0.9180 during the pre-European session on Tuesday. In doing so, the quote extends its recovery moves from the lowest since mid-January 2015. The up-moves also take clues from oversold RSI conditions. However, a 17-week-old falling trend line, near 0.9285, followed by a 21-day SMA level of 0.9300, become the key upside barriers to watch. Should the quote remains strong past-0.9300, 0.9465 and the July month’s top near 0.9500 will be the additional filters. Meanwhile, 0.9150 and 0.9100 could offer immediate support to the pair in a case bulls dwindle to carry the upside, which is less likely. Additionally, the quote’s further weakness past-0.9100 will be challenged by the recent multi-month low around 0.9055 and 0.9000 psychological magnet. USD/CHF daily chart Trend: Further recovery 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 All phases of Ethereum 2.0 will positively impact the network – Analyst FX Street 3 years USD/CHF seesaws in a choppy range between 0.9170 and 0.9185. Overbought RSI favors the pair’s further pullback from the early 2015 lows. A descending trend line from March 27, 21-day SMA probes the bulls. USD/CHF approaches the upper-end of the immediate trading range while taking rounds to 0.9180 during the pre-European session on Tuesday. In doing so, the quote extends its recovery moves from the lowest since mid-January 2015. The up-moves also take clues from oversold RSI conditions. However, a 17-week-old falling trend line, near 0.9285, followed by a 21-day SMA level of 0.9300, become the key upside barriers to… 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.
