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USDCHF buyers break the pair above trend line and 38.2% resistance today

The USDCHF broke above an upward-sloping trendline today along with the 38.2% retracement of the move down from the end-of-June high. Those levels come between 0.8729 and 0.8740. Going forward, traders looking for more momentum from the break will likely be disappointed if the price were to move back below those levels. As a result, that area remains a close risk for buyers looking for more upside momentum.On the top side, the 50% midpoint of the same move lower comes in at 0.8784. Getting abo... Read More

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Content Topics

Usdchf

Buyers

Break

Pair

Above

Trend

Line

38 Resistance

Forex

Posted: Aug 1 2023, 15:42

Author Name: forexlive

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