USD/CHF remains depressed near the intraday low, justifies the previous day’s bearish candlestick formation. 50-day SMA, ascending trend line from early January lure sellers. 0.9320-25 area to guard recovery moves if bulls reject Doji. USD/CHF stays offered around 0.9215, down 0.09% intraday, ahead of Friday’s European session. The quote portrayed a bearish Doji candlestick on the daily chart the previous day while negating the pair’s bounce off 50-day SMA. Given the downbeat RSI conditions join bearish candlestick formation, USD/CHF is likely to revisit the key SMA support near the 0.9200 threshold. However, any further downside will direct sellers towards a 4.5-month-old support line near 0.9110. On the flip side, corrective pullback needs to reprint the weekly high near 0.9270 to defy the bearish signals. Following that, the 0.9300 round figure and an area including multiple tops marked since early March around 0.9320-25 will be the key to watch. USD/CHF daily chart Trend: Further weakness 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 Crude Oil Futures: Rebound could lose some traction FX Street 2 years USD/CHF remains depressed near the intraday low, justifies the previous day's bearish candlestick formation. 50-day SMA, ascending trend line from early January lure sellers. 0.9320-25 area to guard recovery moves if bulls reject Doji. USD/CHF stays offered around 0.9215, down 0.09% intraday, ahead of Friday's European session. The quote portrayed a bearish Doji candlestick on the daily chart the previous day while negating the pair's bounce off 50-day SMA. Given the downbeat RSI conditions join bearish candlestick formation, USD/CHF is likely to revisit the key SMA support near the 0.9200 threshold. However, any further downside will direct sellers towards a… 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.
