USD/CHF wavers around the lowest since January 2015. Nearly overbought RSI conditions suggest pullback inside bearish chart pattern. May 2014 low can lure the bears during further downside. Following its drop to the fresh multi-month low of 0.8851, USD/CHF seesaws near 0.8855, down 0.15% intraday, ahead of Friday’s European session. In doing so, the quote stays depressed inside a descending trend channel formation established since November 03. However, oversold RSI conditions battle the receding strength of bearish MACD to indicate corrective recovery. During the bounce 0.8875 and the channel resistance around 0.8895 will precede the 0.8900 threshold to challenge the USD/CHF bulls. If at all the USD/CHF bulls manage to dominate past-0.8900, the 200-HMA level of 0.8930 will be important to watch. On the downside, the mentioned channel’s support near 0.8843 can challenge the south-run, failing to do so can direct USD/CHF bears towards May 2014 bottom surrounding 0.8700. USD/CHF hourly 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 Cardano Price Prediction: ADA eyes a 25% downswing if this bearish pattern confirms FX Street 2 years USD/CHF wavers around the lowest since January 2015. Nearly overbought RSI conditions suggest pullback inside bearish chart pattern. May 2014 low can lure the bears during further downside. Following its drop to the fresh multi-month low of 0.8851, USD/CHF seesaws near 0.8855, down 0.15% intraday, ahead of Friday’s European session. In doing so, the quote stays depressed inside a descending trend channel formation established since November 03. However, oversold RSI conditions battle the receding strength of bearish MACD to indicate corrective recovery. During the bounce 0.8875 and the channel resistance around 0.8895 will precede the 0.8900 threshold to challenge the… 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.
