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USDCHF keeps its bulish run, but it pushing toward key retracement resistance

The USDCHF is moving higher for the 10 days in 11. The move higher today as the pair within a swing area between 0.9118 and 0.9169. Just above that level is the 38.2% retracement of the move down from the November 2022 high to the low reached in July. That retracement level comes in at 0.91615. The 38.2% retracement represents a key target to get to and through to show that the buyers are willing to take more control after the trend move lower from the November 2022 high. Absent that in the mov... Read More

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Content Topics

Usdchf

Keeps

Bulish

Run

Pushing

Toward

Retracement

Resistance

Forex

Posted: Sep 26 2023, 15:23

Author Name: forexlive

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