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USDCHF falls below its 100 hour MA
The USDCHF opened the week below the 100 hour MA (blue line in the chart above). On Tuesday, the price soared higher reaching the 50% of the move down from the November 21 high. That level comes in at 0.93988.
On Wednesday, the price tumbled back down and in the process moved briefly back below the 200 and 100 hour MAs (green and blue lines), but closed above the MA levels.
ON Thursday after falling back below the MAs again, the price once again snapped higher reaching a new... Read More
Posted: Jan 6 2023, 20:18
Author Name: forexlive
Views: 110838
