USD/CHF carries recovery gains from 50-day SMA. Medium-term triangle’s resistance, 200-day SMA stand strong to check the bulls. Triangle support, monthly bottom add to the support. USD/CHF prints mild gains of around 0.10% while flashing 0.9724 as a quote during the early Tuesday’s trading. In doing so, the pair extends its bounces off 50-day SMA while justifying the previous day’s Bullish candlestick formation. Even so, the resistance line of an eight-week-old symmetrical triangle, around 0.9758/60, followed by a 200-day SMA level of 0.9787, become tough nuts to crack for the bulls. In a case where the buyers dominate past-0.9787, April top near 0.9800 can validate further rise toward March monthly high close to 0.9900. Meanwhile, a daily closing below 50-day SMA level of 0.9685 can fetch the quote back to the triangle’s support line, at 0.9625 now. Though, the pair’s sustained fall below 0.9625 can quickly challenge the monthly bottom close to 0.9590/85. USD/CHF daily chart Trend: Sideways 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 AUD/USD Price Analysis: AUD dips on escalating US-China tensions FX Street 2 years USD/CHF carries recovery gains from 50-day SMA. Medium-term triangle’s resistance, 200-day SMA stand strong to check the bulls. Triangle support, monthly bottom add to the support. USD/CHF prints mild gains of around 0.10% while flashing 0.9724 as a quote during the early Tuesday’s trading. In doing so, the pair extends its bounces off 50-day SMA while justifying the previous day’s Bullish candlestick formation. Even so, the resistance line of an eight-week-old symmetrical triangle, around 0.9758/60, followed by a 200-day SMA level of 0.9787, become tough nuts to crack for the bulls. In a case where the buyers dominate past-0.9787, April… 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.
