USD/CHF refreshes the weekly high while extending recovery moves from 0.9064. Key Fibonacci retracement levels are on the bulls’ radars. A one-week-old horizontal line around 0.9110 adds to the downside support. USD/CHF rises to 0.9118, intraday high 0.9122, during the early Thursday’s trading. The Swiss major recently gained bids after breaking 200-HMA. Other than the important HMA level, the quote also crossed the short-term horizontal resistance line while extending the post-Fed run-up. In doing so, the quote ignores overbought RSI conditions and head towards 50% and 61.8% Fibonacci retracement level of September 08-10 downside, respectively near 0.9125 and 0.9145. Though, the September 09 low of 0.9156 and 0.9190 may offer intermediate halts to the USD/CHF rally towards the monthly high 0.9200. Meanwhile, a downside break 200-HMA, at .9114 now, will have to slip beneath the 0.9110 horizontal support to recall the 0.9100 threshold on the chart. During the pair’s further weakness past-0.9100, multiple supports between 0.9055 and 0.9048 can entertain the sellers. USD/CHF hourly chart Trend: Further upside 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 Option traders position for higher treasury yields FX Street 2 years USD/CHF refreshes the weekly high while extending recovery moves from 0.9064. Key Fibonacci retracement levels are on the bulls’ radars. A one-week-old horizontal line around 0.9110 adds to the downside support. USD/CHF rises to 0.9118, intraday high 0.9122, during the early Thursday’s trading. The Swiss major recently gained bids after breaking 200-HMA. Other than the important HMA level, the quote also crossed the short-term horizontal resistance line while extending the post-Fed run-up. In doing so, the quote ignores overbought RSI conditions and head towards 50% and 61.8% Fibonacci retracement level of September 08-10 downside, respectively near 0.9125 and 0.9145. Though,… 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.
