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USDCHF runs higher today and back above hourly MAs

USDCHF runs higher today and back above hourly MAs
The USDCHF moved to the lowest level since January 2021 this week, but found support buyers against state support area from the end of 2020/early 2021.In trading today, the pair got a boost from lower Swiss CPI inflation. That took the price above the 200 hour moving average or support buyers leaned. The US employment report pushed price to the high for the day, before rotating back to the downside.What next?The 200 hour moving average is now a key support level. If the buyers are to stay in pl... Read More
Posted: May 5 2023, 14:57
Author Name: forexlive
Views: 110785

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