USD/CHF extends recovery moves from 0.9645, nears one-week high. Monthly resistance line, 200-day SMA question buyers. A three-week-old rising support line becomes the key during a fresh downside. While extending its run-up past-100-day SMA, USD/CHF rises to 0.9720, up 0.08% on a day, during the early Monday. Considering the pair’s sustained trading beyond key SMA, the pair is likely to again confront the monthly resistance line, at 0.9750 now, during the further upside. However, the quote’s rise beyond 0.9750 needs validation from 200-day SMA, currently at 0.9785, for further upside. Alternatively, a daily closing below 100-day SMA level of 0.9687 will pull the pair back to an ascending trend line from May 01, at 0.9650 now. If at all the bears manage to keep the reins past-0.9650, the monthly lows near 0.9590/85 could be on their radars. 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 AUD/USD Price Analysis: Upper end of the contracting triangle caps gains FX Street 3 years USD/CHF extends recovery moves from 0.9645, nears one-week high. Monthly resistance line, 200-day SMA question buyers. A three-week-old rising support line becomes the key during a fresh downside. While extending its run-up past-100-day SMA, USD/CHF rises to 0.9720, up 0.08% on a day, during the early Monday. Considering the pair’s sustained trading beyond key SMA, the pair is likely to again confront the monthly resistance line, at 0.9750 now, during the further upside. However, the quote’s rise beyond 0.9750 needs validation from 200-day SMA, currently at 0.9785, for further upside. Alternatively, a daily closing below 100-day SMA level of 0.9687… 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.
