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USDCHF rebounds after failed break below the 100 day moving average

The USDCHF has rebounded after failing on a break below its 100-day moving average/50% retracement and swing area near the 0.89000 level. The low price reached 0.8975, but quickly snapped back higher. The sellers turned to buyers and have now forced the price back toward the 100-hour moving average of 0.89401. That moving average is between a swing area between 0.89316 and 0.89472.If the buyers are to take more control today, getting above 0.89472 should open the door for further momentum towar... Read More

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Usdchf

Rebounds

After

Failed

Break

Below

Moving

Average

Forex

Posted: Oct 24 2023, 13:32

Author Name: forexlive

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