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USDCHF pushes against 200 hour MA

The USDCHF is higher in the day,, near its high for the day and pushing against its 200-hour moving average (green line on the chart above). That moving average comes in at 0.8965. The current price is trading at 0.8962. The last 4 hourly bars have been banging against the moving average without much success in breaking through. Having said that, the corrective moves to the downside have been limited as well. A break above the 200-hour moving average with momentum would have traders looking to... Read More

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Usdchf

Pushes

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Hour

Forex

Posted: Oct 25 2023, 19:42

Author Name: forexlive

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