USD/CHF starts the week by printing fresh 2020 highs. The rising wedge formation can limit bullish advances. USD/CHF daily chart USD/CHF is easing after hitting new 2020 highs this Monday. The spot is trading below the 100/200-day simple moving averages suggesting an overall bearish momentum. USD/CHF four-hour chart The market broke above the 0.9800 figure while trading above the main SMAs. If buyers keep the market above the 0.9800 figure it might be considered as a bullish sign which can yield further gains above the 0.9830 and 0.9850 levels. On the flip side, a daily close below the 0.9800 figure could see a weakening of the market towards the 0.9770 level. Resistance: 0.9830, 0.9850, 0.9870 Support: 0.9800, 0.9770, 0.9730 Additional key 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 Litecoin Price Analysis: Just a retracement? FX Street 2 years USD/CHF starts the week by printing fresh 2020 highs. The rising wedge formation can limit bullish advances. USD/CHF daily chart USD/CHF is easing after hitting new 2020 highs this Monday. The spot is trading below the 100/200-day simple moving averages suggesting an overall bearish momentum. USD/CHF four-hour chart The market broke above the 0.9800 figure while trading above the main SMAs. If buyers keep the market above the 0.9800 figure it might be considered as a bullish sign which can yield further gains above the 0.9830 and 0.9850 levels. On the flip side, a daily 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.
