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USDCHF breaks higher today but does find willing sellers against target swing area.

The USDCHF moved above it's 200-hour moving average (green line in the chart below) in the Asian session, and then worked its way toward the next target defined by a swing area between 0.8982 and 0.9000 (the 200-day moving averages also in play at 0.9008). Sellers leaned against the 0.9000 level and pushed the price back down. However, support buyers came in against its 200-hour moving average again at 0.89608, and moved the price back to the upside.Currently, the price is back between the afor... Read More

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Content Topics

Usdchf

Breaks

Higher

Today

Does

Find

Willing

Sellers

Against

Target

Forex

Posted: Oct 26 2023, 14:25

Author Name: forexlive

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