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USDCHF recovery progresses as key technical levels are challenged

Yesterday, the USDCHF was trending lower, with the pair down by 1.82% for the week, marking its most significant decline since the week of November 7. Examining the hourly chart, the price had fallen below a downward sloping trendline, and I suggested that the price needed to rise above that trendline at a minimum (see post from yesterday HERE). Furthermore, the 38.2% retracement of the decline from this week's high to the low at 0.89587 was identified as another upside target necessary to give... Read More

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Content Topics

Usdchf

Recovery

Progresses

Technical

Levels

Challenged

Forex

Posted: Apr 14 2023, 16:45

Author Name: forexlive

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