USD/CHF close to make a pullback

USD/CHF close to make a pullback

USD/CHF continues to trade in a recovery phase across the board and it seems we could expect a consolidation above the 200 SMA at H1 chart. Currently, the pair is hovering around the 65% Fibonacci area, which is capping further gains in the short-term. That supports the idea of a pullback to break below the 0.9168 level in order to reach the -23.6% Fibonacci target at 0.9120.

RSI indicator is at overbought territory, supporting our bearish idea.

USDCHFH1.png

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera