USD/CHF buyers attack intraday top, near the highest in two months. Tuesday’s spinning top candle, overbought RSI test upside ahead of 100-day EMA, four-month low resistance line. Sellers need to wait for rejection of the inverse head-and-shoulders. USD/CHF rises to 0.8981 during the pre-European session trading on Wednesday. In doing so, the quote stays positive around the December highs but the previous day’s play suggesting traders’ dilemma and higher levels of the RSI ahead of the key resistance confluence challenge the quote further upside. However, the USD/CHF sellers are less likely to get convinced until witnessing a clear downside break of a two-month-old horizontal area, part of a bullish chart pattern, near 0.8920. Also acting as the support is the previous resistance line stretched from November 11, at 0.8864 now. Meanwhile, a confluence of 100-day EMA and a downward sloping trend line from late September around 0.9000 becomes the key resistance to crack for USD/CHF buyers. Following that, an upward trajectory towards the November 2020 peak surrounding 0.9200 can’t be ruled out. 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 AUD/USD: Outlook remains negative near-term – UOB FX Street 1 year USD/CHF buyers attack intraday top, near the highest in two months. Tuesday’s spinning top candle, overbought RSI test upside ahead of 100-day EMA, four-month low resistance line. Sellers need to wait for rejection of the inverse head-and-shoulders. USD/CHF rises to 0.8981 during the pre-European session trading on Wednesday. In doing so, the quote stays positive around the December highs but the previous day’s play suggesting traders’ dilemma and higher levels of the RSI ahead of the key resistance confluence challenge the quote further upside. However, the USD/CHF sellers are less likely to get convinced until witnessing a clear downside break… 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.
