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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...
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Posted: Jul 27 2023, 15:33
Author Name: forexlive
Views: 080818