USD/CHF posts the biggest gains in four days, buyers attack intraday high. Sustained break of 50-HMA aims for short-term resistance lines. Bears await fresh multi-month low before targeting the 0.8700 threshold. USD/CHF rises to the day’s high of 0.8794, up 0.09% intraday, ahead of Thursday’s European session. The pair buyers cheer an upside break of 50-HMA to portray the biggest gains in the last four days. Even so, a downward sloping trend line from December 28 and another one the last Thursday, respectively near 0.8798 and 0.8815, offer imminent challenges to the buying momentum. In a case where the USD/CHF buyers cross 0.8815, the late-December tops near 0.8920 and November’s low close to 0.8980 will be in the spotlight. Meanwhile, 0.8770 and the recent low, also the lowest since January 2015, of 0.8757 will be the key support to limit the pair’s short-term downside. It should, however, be noted that any further weakness past-0.8757 will not refrain from challenging the early 2014 bottom surrounding the 0.8700 round-figure. Overall, USD/CHF is likely to consolidate some gains but the bearish momentum can’t be ruled out unless crossing November’s low. USD/CHF hourly chart Trend: Pullback 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 Gold Futures: Further retracement looks likely FX Street 1 year USD/CHF posts the biggest gains in four days, buyers attack intraday high. Sustained break of 50-HMA aims for short-term resistance lines. Bears await fresh multi-month low before targeting the 0.8700 threshold. USD/CHF rises to the day’s high of 0.8794, up 0.09% intraday, ahead of Thursday’s European session. The pair buyers cheer an upside break of 50-HMA to portray the biggest gains in the last four days. Even so, a downward sloping trend line from December 28 and another one the last Thursday, respectively near 0.8798 and 0.8815, offer imminent challenges to the buying momentum. In a case where the USD/CHF… 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.