USD/CHF extends Monday’s downbeat performance to probe the three-day lows. Bearish MACD favors sellers targeting seven-week-old horizontal support. Ascending trend line from September 08 can question the bulls beyond the monthly top. USD/CHF seesaws around intraday low, currently down 0.05% on a day near 0.9240, while heading into Tuesday’s European session. The pair took a U-turn from over two months’ high on Friday and fell since then. With the recent declines taking clues from the MACD histogram, the quote is likely to weaken further towards an area comprising highs marked since August 12, close to 0.9200. If at all the bears refrain from stepping back from 0.9200, August 20 top near 0.9160 and September 17 peak close to 0.9140 may get the market attention. Meanwhile, 0.9250 and 0.9280 can offer immediate resistance to the pair ahead of fueling it to the monthly peak of 0.9296. Though, a three-week-old rising trend line, at 0.9310 now, can question the USD/CHF bulls beyond the 0.9300 mark. USD/CHF four-hour 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 China’s Cabinet Adviser Yao: Yuan appreciation could weaken export competitiveness FX Street 2 years USD/CHF extends Monday’s downbeat performance to probe the three-day lows. Bearish MACD favors sellers targeting seven-week-old horizontal support. Ascending trend line from September 08 can question the bulls beyond the monthly top. USD/CHF seesaws around intraday low, currently down 0.05% on a day near 0.9240, while heading into Tuesday’s European session. The pair took a U-turn from over two months’ high on Friday and fell since then. With the recent declines taking clues from the MACD histogram, the quote is likely to weaken further towards an area comprising highs marked since August 12, close to 0.9200. If at all 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.
