USD/CHF follows an eight-day-old falling trend line that restricts pair’s immediate upside. Confirmation of the bullish technical pattern can challenge the monthly top. With the USD/CHF pair’s sustained trading below the descending trend line stretched since November 08, a short-term bullish formation appears on the hourly (H1) chart. Though, the quote declines to 0.9900 while heading into the European open on Wednesday. Bearish signals from 12-bar Moving Average Convergence and Divergence (MACD) increases the odds for the pair’s further declines to 0.9870 and then to the monthly bottom around 0.9850. Though, October low of 0.9837 holds the keys to pair’s drop to 0.9800 round-figure. Alternatively, a sustained break of 0.9915 will confirm the bullish chart pattern and trigger fresh run-up to a theoretical target around 1.0015. However, November 12 high around 0.9965, followed by the monthly top close to 0.9980, can entertain buyers during the rise. USD/CHF hourly chart Trend: Bearish 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 US Dollar Index extends gains to the 97.90 region, focus on Fed, trade FX Street 3 years USD/CHF follows an eight-day-old falling trend line that restricts pair's immediate upside. Confirmation of the bullish technical pattern can challenge the monthly top. With the USD/CHF pair's sustained trading below the descending trend line stretched since November 08, a short-term bullish formation appears on the hourly (H1) chart. Though, the quote declines to 0.9900 while heading into the European open on Wednesday. Bearish signals from 12-bar Moving Average Convergence and Divergence (MACD) increases the odds for the pair's further declines to 0.9870 and then to the monthly bottom around 0.9850. Though, October low of 0.9837 holds the keys to pair's… 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.
