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USDCHF extends to the 50% midpoint target. What next?
The USDCHF is extending to new highs after breaking above the swing highs from earlier this week and also last week at 0.88273. Staying above that level is more bullish. The break to the upside has also reached the 50% midpoint of the move down from the end of May high. That level comes in at 0.88497. The high price just reached 0.8852.What next?Getting above the 50% retracement would have traders targeting the high of a swing area between 0.8514 and 0.8866. Above that, traders would look toward...
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Posted: Aug 24 2023, 19:58
Author Name: forexlive
Views: 111741
