USD/CHF buyers keep the upside momentum intact, though at a lesser pace. A confluence of a three-week-old falling trend line, 23.6% Fibonacci retracement will question recovery moves. The bears can aim for the monthly low after breaking nearby support trend line. USD/CHF rises so 0.9685, gains 0.03% on a day, during the pre-European session on Thursday. The pair bounced off a one-week-old support line the previous day, which in turn propels the buyers towards 0.9700 round-figure. Though, a confluence of a three-week-old falling trend line and 23.6% Fibonacci retracement of March month upside, around 0.9730, followed by a 200-day SMA level of 0.9785, could challenge the bulls then after. Meanwhile, a daily closing below 0.9650 support line can push sellers to recall 0.9600 round-figure whereas monthly low near 0.9590/85 may limit the additional downside of the pair. USD/CHF daily chart Trend: Sideways 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 EIT Climate-KIC partners with IOTA, ETH Zurich and Edgeryders in a bid to tackle climate change FX Street 3 years USD/CHF buyers keep the upside momentum intact, though at a lesser pace. A confluence of a three-week-old falling trend line, 23.6% Fibonacci retracement will question recovery moves. The bears can aim for the monthly low after breaking nearby support trend line. USD/CHF rises so 0.9685, gains 0.03% on a day, during the pre-European session on Thursday. The pair bounced off a one-week-old support line the previous day, which in turn propels the buyers towards 0.9700 round-figure. Though, a confluence of a three-week-old falling trend line and 23.6% Fibonacci retracement of March month upside, around 0.9730, followed by a 200-day SMA… 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.
