USD/CHF bounces off 200-HMA inside the bearish technical pattern. Bearish MACD favors the confirmation of the chart formation. 61.8% Fibonacci retracement adds to the upside barrier. USD/CHF stays soft around 0.9690 during the pre-European session on Friday. In doing so, the pair remains above 200-HMA while also keeping inside the bearish chart formation namely rising wedge. Considering the bearish MACD, sellers will be the lookout of the pattern’s confirmation, on further declines below 0.9665, while targeting the weekly low near 0.9595. It should be borne in mind that 200-HMA near 0.9675 could offer an intermediate halt during the downside. Meanwhile, the formation resistance, around 0.9710 now, followed by 61.8% Fibonacci retracement of April 06-16 fall, near 0.9720, could question the pair’s recovery moves. USD/CHF hourly chart Trend: Sideways to negative 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 Ethereum Price Analysis: Looking into the ETH/USD and ETH/BTC daily charts as bearish correction begins FX Street 2 years USD/CHF bounces off 200-HMA inside the bearish technical pattern. Bearish MACD favors the confirmation of the chart formation. 61.8% Fibonacci retracement adds to the upside barrier. USD/CHF stays soft around 0.9690 during the pre-European session on Friday. In doing so, the pair remains above 200-HMA while also keeping inside the bearish chart formation namely rising wedge. Considering the bearish MACD, sellers will be the lookout of the pattern’s confirmation, on further declines below 0.9665, while targeting the weekly low near 0.9595. It should be borne in mind that 200-HMA near 0.9675 could offer an intermediate halt during the downside. Meanwhile,… 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.
