USD/CHF takes another U-turn from 100-day SMA, takes the bids above 38.2% Fibonacci retracement. 61.8% Fibonacci retracement acts as the key support while 200-day SMA holds the pair’s recovery confined. Following its bounce off 100-day SMA, USD/CHF rises past-38.2% Fibonacci retracement of August-October upside while taking the bids to 0.9900 by the press time ahead of the European session on Monday. Considering the pair’s recent recovery from near-term strong support, prices could revisit 0.9925/30 resistance area ahead of confronting 23.6% Fibonacci retracement level near 0.9942. However, 200-day Simple Moving Average (SMA) level of 0.9952 continues to act as strong upside barrier. Should there be a clear run-up beyond 0.9952, the monthly top surrounding 0.9980 and 1.0000 could act as buffers prior to fueling the quote towards October month high close to 1.0030. Meanwhile, pair’s daily closing below 100-day SMA level of 0.9880 can fetch it towards the previous month’s bottom nearing 0.9835. Though, 61.8% Fibonacci retracement and September month lows near 0.9800 could please sellers bears afterward. USD/CHF daily chart Trend: 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 Thailand: Inventory payback weighs on growth – ANZ FX Street 3 years USD/CHF takes another U-turn from 100-day SMA, takes the bids above 38.2% Fibonacci retracement. 61.8% Fibonacci retracement acts as the key support while 200-day SMA holds the pair's recovery confined. Following its bounce off 100-day SMA, USD/CHF rises past-38.2% Fibonacci retracement of August-October upside while taking the bids to 0.9900 by the press time ahead of the European session on Monday. Considering the pair's recent recovery from near-term strong support, prices could revisit 0.9925/30 resistance area ahead of confronting 23.6% Fibonacci retracement level near 0.9942. However, 200-day Simple Moving Average (SMA) level of 0.9952 continues to act as strong upside… 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.
