USD/CHF recently turned choppy inside a rising channel formation. 200-hour EMA adds to the pattern’s support. The USD/CHF pair’s failure to rise past-0.9930/35 area, including early-month high, is less likely to portray its weakness unless breaking near-term support-line. The pair currently trades near 0.9920 by the press time heading into Wednesday’s European session. In addition to the area between 0.9930/35 and 0.9900, the pair follows a fortnight old rising channel which could limit the momentum inside 0.9975-0.9845 region whereas in August month start increases the importance of resistance with the 200-bar exponential moving average (EMA) adding strength to the support. If prices rally beyond 0.9975, 1.0000 round-figure and 1.0016/20 are likely figures to lure buyers. On the contrary, the monthly bottom close to 0.9800 and 0.9770 could lure sellers on the downside break below 0.9845. USD/CHF 4-hour chart Trend: sideways 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 Australia: Consumer Sentiment slips – Westpac FX Street 4 years USD/CHF recently turned choppy inside a rising channel formation. 200-hour EMA adds to the pattern's support. The USD/CHF pair's failure to rise past-0.9930/35 area, including early-month high, is less likely to portray its weakness unless breaking near-term support-line. The pair currently trades near 0.9920 by the press time heading into Wednesday's European session. In addition to the area between 0.9930/35 and 0.9900, the pair follows a fortnight old rising channel which could limit the momentum inside 0.9975-0.9845 region whereas in August month start increases the importance of resistance with the 200-bar exponential moving average (EMA) adding strength to the support.… 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.
