USD/CHF is having a pullback from Monday’s drop to the 0.9900 resistance and the 200-period simple moving average (SMA). The 50 SMA has crossed above the 100 SMA suggesting that bears will need to work twice as hard in order to resume the bear trend. Failure to successfully break below the 0.9900 level can lead to an extension of the pullback towards 0.9920 supply level. Bears objective will be to first reconquer the 0.9873 June 22 low and then to the 0.9856 June 25 low. USD/CHF 15-minute chart Spot rate: 0.9899 Relative change: 0.18% High: 0.9906 Low: 0.9867 Trend: Neutral to bearish Resistance 1: 0.9900 figure Resistance 2: 0.9920-0.9930 zone, demand level and congestion zone Resistance 3: 0.9950-0.9961 area, figure and June 21 open Resistance 4: 0.9989-1.0000 area June 15 high and parity Resistance 5: 1.0036 weekly high Resistance 6: 1.0069 current 2018 high Resistance 7: 1.0170 March 7, 2017 highResistance 8: 1.0343 December 15, 2016 Support 1: 0.9873 June 22 low Support 2: 0.9856 June 25 low Support 3: 0.9788 June 7 swing low 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 June PCE report solid, not spectacular – SCB FX Street 5 years USD/CHF is having a pullback from Monday's drop to the 0.9900 resistance and the 200-period simple moving average (SMA). The 50 SMA has crossed above the 100 SMA suggesting that bears will need to work twice as hard in order to resume the bear trend. Failure to successfully break below the 0.9900 level can lead to an extension of the pullback towards 0.9920 supply level. Bears objective will be to first reconquer the 0.9873 June 22 low and then to the 0.9856 June 25 low. USD/CHF 15-minute chart Spot rate: 0.9899… 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.
