USD/CHF continued scaling hither for the fifth consecutive session on Thursday. The overnight breakthrough the 0.9200 mark was seen as a key trigger for bulls. The set-up supports prospects for a move towards the 0.9300 confluence region. The USD/CHF pair gained traction for the fifth consecutive session and shot to fresh two-month tops, around the 0.9270 region during the early North American session. The momentum reaffirmed the overnight bullish break through the 50-day SMA – for the first time since late May. A subsequent strength beyond the 0.9200 strong barrier prompted some technical buying and remained supportive of follow-through positive move. The latter coincided with the 23.6% Fibonacci level of the 0.9902-0.8999 downfall and should now act as a strong base and attract some dip-buying. This, in turn, should help limit the downside near the 50-day SMA resistance turned support, near mid-0.9100s. Meanwhile, technical indicators on the daily charts have been gaining positive traction and are still far from being in the overbought territory. The set-up supports prospects for an extension of the recent recovery from the key 0.9000 psychological mark. The pair seems all set to surpass the 0.9300 round-figure mark and aim towards testing the next major hurdle near the 0.9350 confluence region – comprising of 100-day SMA and 38.2% Fibo. level. USD/CHF daily chart Technical levels to watch 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 UK’s Sunak: Need to keep an eye on public finances as economy recovers FX Street 1 year USD/CHF continued scaling hither for the fifth consecutive session on Thursday. The overnight breakthrough the 0.9200 mark was seen as a key trigger for bulls. The set-up supports prospects for a move towards the 0.9300 confluence region. The USD/CHF pair gained traction for the fifth consecutive session and shot to fresh two-month tops, around the 0.9270 region during the early North American session. The momentum reaffirmed the overnight bullish break through the 50-day SMA – for the first time since late May. A subsequent strength beyond the 0.9200 strong barrier prompted some technical buying and remained supportive of follow-through positive… Top 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.
