USD/CHF has turned lower from the key resistance area. The short duration charts show scope for a pullback. USD/CHF’s short duration technical charts are pointing to bull fatigue. While the hourly chart relative strength index has diverged in favor of the bears, the 4-hour chart has breached an ascending trendline. The pair could pull back to the ascending 50-hour moving average (MA), currently at 0.9730. If that level holds, the bulls could challenge the recent high of 0.9767 (Jan. 29 high). The area around 0.9767 has proved a tough nut to crack twice in the last four weeks. So, a close above 0.9767 is needed to invite stronger buying pressure. On the other hand, acceptance under the 50-hour MA of 0.9730 would expose the 10-day MA at 0.9704. At press time, the pair is trading at 0.9743, representing marginal losses on the day. The pair ended higher for the fourth straight day on Thursday. Hourly chart Trend: Bearish Technical levels 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 Feds Quarles: Important to focus on size of fed balance sheet relative to GDP, not on absolute size FX Street 2 years USD/CHF has turned lower from the key resistance area. The short duration charts show scope for a pullback. USD/CHF's short duration technical charts are pointing to bull fatigue. While the hourly chart relative strength index has diverged in favor of the bears, the 4-hour chart has breached an ascending trendline. The pair could pull back to the ascending 50-hour moving average (MA), currently at 0.9730. If that level holds, the bulls could challenge the recent high of 0.9767 (Jan. 29 high). The area around 0.9767 has proved a tough nut to crack twice in the last four weeks. So, a close… 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.
