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USDCHF moves closer to its 100 day moving average

The USDCHF is up about 0.66% today, trading in the current hourly bar to a new session high at 0.91013. The moves is short of the high from Wednesday and Thursday near 0.91069 and also the important 100-day MA at 0.91173. The price did move above the 100-day MA back on May 31, but could not sustain momentum above that MA level. That MA was retested on June 5th but found willing sellers against the level. Getting and staying above the 100-day MA is the next major target. As a result, it may al... Read More

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Usdchf

Moves

Closer

Moving

Average

Forex

Posted: Jun 12 2023, 15:55

Author Name: forexlive

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