USD/CHF slips below 0.9200 to refresh intraday low. Bulls can ignore MACD unless witnessing a break of 100-day EMA. One-month-old support line on the bears’ radar, the late-August top can offer intermediate halt. USD/CHF declines to 0.9195, down 0.14% on a day, during the early Thursday trading. In doing so, the Swiss franc fails to respect Wednesday’s pullback from 50-day EMA amid bullish MACD. As a result, the pair’s further selling may wait for a clear downside break of the said EMA, currently near 0.9190, while targeting August 20 top surrounding 0.9160. Though, any more weakness below 0.9160 will be challenged by an upward sloping trend line from September 01, at 0.9110 now. Alternatively, a clear break of August month’s high near 0.9245 will push USD/CHF prices towards a 100-day EMA level of 0.9296. In a case where the bulls keep the reins above 0.9300, the early-July low near 0.9360 will gain the market attention. USD/CHF daily 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 Democratic blue wave would mean greater fiscal stimulus – Goldman Sachs FX Street 2 years USD/CHF slips below 0.9200 to refresh intraday low. Bulls can ignore MACD unless witnessing a break of 100-day EMA. One-month-old support line on the bears’ radar, the late-August top can offer intermediate halt. USD/CHF declines to 0.9195, down 0.14% on a day, during the early Thursday trading. In doing so, the Swiss franc fails to respect Wednesday’s pullback from 50-day EMA amid bullish MACD. As a result, the pair’s further selling may wait for a clear downside break of the said EMA, currently near 0.9190, while targeting August 20 top surrounding 0.9160. Though, any more weakness below 0.9160 will be… 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.
