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USDCHF is banging against key resistance on the weekly chart and hourly chart too

USDCHF is banging against key resistance on the weekly chart and hourly chart too
The USDCHF hit a new low in the European session, marginally breaching the low price from July 18, but quickly bounced back. The rebound was fueled by robust U.S. data released this morning, indicating a stronger GDP, job market, and consumer/business market, with durable goods also trending higher.From a technical perspective, the surge propelled the price back above its 200-hour moving average of 0.86248, and subsequently above its 100-hour moving average at 0.86469. The day's peak so far has... Read More
Posted: Jul 27 2023, 15:33
Author Name: forexlive
Views: 080818

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