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The biggest mover to start the week is the USDCHF. What technical levels are in play?

The biggest mover to start the week is the USDCHF.  What technical levels are in play?
The USDCHF in early trading this week is the biggest mover with a 0.18% gain on the day. Technically, the price low was able to stall ahead of the rising 200-hour moving average of 0.87053. The move higher is approaching the next key target against its 100-hour moving average of 0.87501. Those 2 moving averages will set the border lines for more bullish or more bearish. Moving above the 100-hour moving average at 0.8750 opens the door for further upside momentum. Conversely moving below the 200-... Read More
Posted: Aug 6 2023, 23:55
Author Name: forexlive
Views: 022225

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