US dollar reversal from 0.9730 has extended to trendline support at 0.9655. The pair is testing the bottom of the last two months’ triangle formation. US dollar’s reversal from 0.9730 high on Wednesday has reached session lows at 0.9640 area, where the pair is eroding the lower limit of the triangle formation of the last two months. The daily charts show the pair right at the support line, near the peak of the triangle. At the moment, the USD/CHF is hovering above key support levels 0.9655 (triangle bottom) and 0.9640 (May 20 low). If the pair confirms below these levels, bears might gain traction and push the pair towards May 1 low at 0.9590 and March 30 low at 0.9500. If the pair remains within the triangle boundaries, next resistance levels would be at the 50 and 100-day SMA, at 0.9685/0.9700 and trendline resistance at 0.9730. Once above there, the pair might aim towards the 200-day SMA at 0.9785. USD/CHF daily chart 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/GBP stalls below 0.9000 psychological level FX Street 3 years US dollar reversal from 0.9730 has extended to trendline support at 0.9655. The pair is testing the bottom of the last two months' triangle formation. US dollar’s reversal from 0.9730 high on Wednesday has reached session lows at 0.9640 area, where the pair is eroding the lower limit of the triangle formation of the last two months. The daily charts show the pair right at the support line, near the peak of the triangle. At the moment, the USD/CHF is hovering above key support levels 0.9655 (triangle bottom) and 0.9640 (May 20 low). If the pair confirms below these levels, bears might… 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.
