USD/CHF extends recovery moves from multi-month low, keeps break of short-term resistance line to attack another. Bullish MACD favor the buyers, sellers still have a passage for return unless crossing the trend line resistance. Buyers can pierce 0.9200 on the upside break, bears can cheer downside past-0.9100. USD/CHF takes the bids near 0.9161, up 0.38% on a day, while heading into the European open on Monday. The pair bounced off the lowest since early-2015 on Friday. In doing so, it cleared a downward sloping trend line from July 22. The same gains support from bullish MACD to favor the buyers. However, a descending trend line from July 17, at 0.9170 now, becomes the immediate upside barrier for the bulls to cross. Should USD/CHF prices manage to rise past-0.9170, July 28 top near 0.9230 will become their favorite ahead of attacking the early-July low near 0.9360. Meanwhile, sellers may look for an entry on the quote’s slip below the resistance-turned-support, at 0.9100 now, which in turn opens the gate for the pair south-run to July month’s low near 0.9055. Given the bears’ dominance past-0.9055, the return of the 0.9000 can’t be ruled out. USD/CHF four-hour chart Trend: Further recovery 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 Forex Today: Gold nearing $2,000, dollar licking its wounds as the NFP countdown begins FX Street 3 years USD/CHF extends recovery moves from multi-month low, keeps break of short-term resistance line to attack another. Bullish MACD favor the buyers, sellers still have a passage for return unless crossing the trend line resistance. Buyers can pierce 0.9200 on the upside break, bears can cheer downside past-0.9100. USD/CHF takes the bids near 0.9161, up 0.38% on a day, while heading into the European open on Monday. The pair bounced off the lowest since early-2015 on Friday. In doing so, it cleared a downward sloping trend line from July 22. The same gains support from bullish MACD to favor the buyers.… 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.
