USD/CHF stays pressured after rising to four-day high on Thursday. Bearish candlestick formation probes the MACD signals. A two-week-old support line gains the seller’s attention during further weakness. USD/CHF eases to 0.9482, down 0.03% on a day, while heading into the European session on Friday. The pair marked a bearish formation while taking a U-turn from the four-day high the previous day. As a result, the sellers are targeting a revisit to the immediate support line around 0.9435, with 0.9460 acting as an intermediate halt. Though, any further downside past-0.9430 will probe 0.9400 round-figure ahead of pushing the bears towards the monthly low near 0.9375. Meanwhile, a clear break above Thursday’s top above 0.9508 could aim for 0.9550 and 0.9600 consecutive resistances. It should be noted that June 05 top near 0.9650 will be the bulls’ favorite beyond 0.9600. 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 EUR/USD: Downside pressure picks up pace – UOB FX Street 2 years USD/CHF stays pressured after rising to four-day high on Thursday. Bearish candlestick formation probes the MACD signals. A two-week-old support line gains the seller’s attention during further weakness. USD/CHF eases to 0.9482, down 0.03% on a day, while heading into the European session on Friday. The pair marked a bearish formation while taking a U-turn from the four-day high the previous day. As a result, the sellers are targeting a revisit to the immediate support line around 0.9435, with 0.9460 acting as an intermediate halt. Though, any further downside past-0.9430 will probe 0.9400 round-figure ahead of pushing the bears towards… 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.
