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USDCHF falls to swing area/MA support targets and finds dip buyers

USDCHF falls to swing area/MA support targets and finds dip buyers

The USDCHF moved above the 100 day moving average earlier today (in the Asian-Pacific session) and tried to stay above them moving average at 0.94216. However the highs for the day up at 0.94382 area could not extend above the high from last week at 0.94404. The volatility from the JOLTs and the chair Powell comment that the March decision was still data dependent, saw the price move lower, and back toward a swing area between 0.9387 and 0.9393. Also on the downside sits the 200 hour movin... Read More

Posted: Mar 8 2023, 16:05
Author Name: forexlive
Views: 102530

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