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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-...
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Posted: Aug 6 2023, 23:55
Author Name: forexlive
Views: 022225