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USDCHF bounces this week. First up week after 4 straight weeks lower.

USDCHF bounces this week. First up week after 4 straight weeks lower.

The USDCHF lost value over the last 4 weeks and that momentum continued in the early part of the week. The price moved below the August low at 0.9370, completing an up and down lap that saw the price move up to an October high at 1.0148 and a retest of that high just two weeks ago before tumbling lower.

The move to the downside from those highs, took the price down -7.8% or close to 800 pips from the high to the low. At the low, the USDCHF got within 22 pips of the 100 week MA. The p... Read More

Posted: Nov 18 2022, 17:23
Author Name: forexlive
Views: 102223

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