In the North American session, the USD\/CHF recovers from weekly lows of 0.9136 and advances towards challenging 0.9200. The USD\/CHF exchange rate is currently trading above its initial price at 0.9199 after reaching a daily high of 0.9226.
The USD\/CHF pair tested the previous week’s low of 0.9118 earlier in the day; since then, it has not turned around. Yet, the major market would continue to trade sideways while expecting a new catalyst as long as the USD\/CHF pair manages to conclude each day below 0.9200. The 20 and 50-day EMAs are located at 0.9240 and 0.9272, respectively. On the other side, the USD\/CHF could begin moving upward. The 100-day EMA is located around 0.9343, which is followed by upside risks.
The USD\/CHF 4-hour chart shows that a double bottom has formed in the near term. To prove its validity, the exchange rate must surpass the peak set on March 24 at 0.9216. It would open a path to the March 21 high of 0.9317, but the pair must first overcome some resistance levels before moving upward.
The USD\/CHF first resistance would be 0.9216. A breach of the latter wand the USD\/CHF will face the 100-EMA at 0.9233, followed by the 200-EMA at 0.9255. Once broken, the 0.9300 figure would be up for grabs.<\/p>\n","protected":false},"excerpt":{"rendered":"
In the North American session, the USD\/CHF recovers from weekly lows of 0.9136 and advances towards challenging 0.9200. The USD\/CHF exchange rate is currently trading above its initial price at 0.9199 after reaching a daily high of 0.9226.The USD\/CHF pair tested the previous week’s low of 0.9118 earlier in the day; since then, it has …<\/p>\n","protected":false},"author":13,"featured_media":36454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7078],"class_list":["post-82082","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-usd-chf"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=82082"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82082\/revisions"}],"predecessor-version":[{"id":82094,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82082\/revisions\/82094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/36454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=82082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=82082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=82082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}