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USDCHF higher this week and back above 200 day MA. What next for next week's trading?

The USDCHF traded sideways and then moved lower on Wednesday before finding support near 0.89347, basing and moving to the upside. The Swiss National Bank kept rates unchanged on Thursday helping to propel the price even higher, with the price moving above its 200-day moving average of 0.90334. The surge on Thursday did find willing sellers near a swing area in the 0.9073 – 83 area, and the subsequent correction did take the price back below the 200-day moving average but support near 0.90165 he... Read More

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Posted: Sep 22 2023, 16:50

Author Name: forexlive

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