The price has bounced off the trendline support for a second time. The pair is trading 0.28% higher on the session as the risk mood remains positive. USD/CHF 1-Hour Chart USD/CHF is pushing higher in the EU session as the risk rally continues. Gold, CHF and JPY are all trading lower as the FTSE 100 and DAX have pushed higher today. Looking at the technicals on the chart, it was previously touted that this trendline was an important support. Today the level has been used again and pushed higher. As you can see by the arrows on the chart the level has been significant. In terms of support and resistance levels, The main area of resistance is 0.9979 is the previous wave high. For the trend to continue higher that level needs to be taken out. The main area of support is 0.9923 as if this level break it would create a lower high lower low formation. Additional Levels 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 GBP/JPY holds steady above 140.00 handle FX Street 3 years The price has bounced off the trendline support for a second time. The pair is trading 0.28% higher on the session as the risk mood remains positive. USD/CHF 1-Hour Chart USD/CHF is pushing higher in the EU session as the risk rally continues. Gold, CHF and JPY are all trading lower as the FTSE 100 and DAX have pushed higher today. Looking at the technicals on the chart, it was previously touted that this trendline was an important support. Today the level has been used again and pushed higher. As you can see by the arrows on the chart… 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.
