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USDCHF stays below 100 hour MA keeping the sellers in control (for now at least)
The USDCHF moved above its 100 and 200 hour MAs during yesterday's trading but could not sustain the break above the higher 200 hour MA (green line).
The price rotated down toward support near the low of a swing area between 0.9383 and 0.9404. The price moved higher, extended back above the 0.9404, but stalled ahead of the 200 hour MA in trading today. The high price reached 0.9437. The 200 hour MA was just below that at 0.9435.
The buyers turned back to sellers against the key... Read More
Posted: Dec 7 2022, 15:42
Author Name: forexlive
Views: 102144