USD/CHF struggles to clear 4H 200MA inside the one-week old rising channel. 50% Fibonacci retracement of June-August south-run adds to the resistance. Despite trading near the early-month tops, USD/CHF still falls behind 200-bar moving average on the four-hour chart (4H 200MA) as it trades near 0.9825 while heading into Thursday’s Europe session opening. Not only 4H 200MA level of 0.9830 but 50% Fibonacci retracement level of 0.9880 also challenges buyers observing a week-long rising trend-channel. Should prices rally beyond 0.9880, channel’s resistance-line of 0.9870 and 61.8% Fibonacci retracement level of 0.9880 could lure the bulls. If overbought conditions of 14-bar relative strength index (RSI) grab sellers’ attention, a pullback towards 0.9800-0.9790 area comprising 38.2% Fibonacci retracement and channel support can’t be denied. In a case where bears dominate after 0.9790, 0.9760, 0.9700 and monthly low surrounding 0.9660 can be on the bears’ radar. USD/CHF 4-hour chart Trend: Pullback 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 is seeing a small bounce – Commerzbank FX Street 4 years USD/CHF struggles to clear 4H 200MA inside the one-week old rising channel. 50% Fibonacci retracement of June-August south-run adds to the resistance. Despite trading near the early-month tops, USD/CHF still falls behind 200-bar moving average on the four-hour chart (4H 200MA) as it trades near 0.9825 while heading into Thursday's Europe session opening. Not only 4H 200MA level of 0.9830 but 50% Fibonacci retracement level of 0.9880 also challenges buyers observing a week-long rising trend-channel. Should prices rally beyond 0.9880, channel's resistance-line of 0.9870 and 61.8% Fibonacci retracement level of 0.9880 could lure the bulls. If overbought conditions of 14-bar… 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.
