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USDCHF stalls at the 200 hour MA on rise today. Key resistance target above today.

USDCHF stalls at the 200 hour MA on rise today. Key resistance target above today.
The USDCHF moved up to test it 200-hour moving average in trading today near the 0.8997 level and found willing sellers. Also near the area is a 38.2% retracement of the move down from the May 31 high. That level comes in at 0.8995. The natural resistance at 0.9000 has the area between 0.8995 and 0.9000 as a key target area to get to and through if the buyers are to take more control in this currency pair. This article was written by Greg Michalowski at www.forexlive.com... Read More
Posted: Jun 21 2023, 14:06
Author Name: forexlive
Views: 102516

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