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USDCHF cannot keep upside momentum going today

The USDCHF moved higher on Friday and in the process extended to the 200 bar moving average on the 4-hour chart (green line currently at 0.85749). The price moved above that moving average toward the end of the day on Friday and into the early Asian session today, but could not extend to the next target area (see red numbered circles) between 0.8994 and 0.90026. The high price reached 0.89873, about 7 pips short of the low of the swing area. Buyers turn more to sellers over the last 15 or so hou... Read More

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Usdchf

Cannot

Keep

Upside

Momentum

Going

Today

Forex

Posted: May 15 2023, 18:28

Author Name: forexlive

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