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USDCHF struggles amidst downward momentum, awaiting potential crucial breakthrough

USDCHF struggles amidst downward momentum, awaiting potential crucial breakthrough
The USDCHF experienced a downward trend over the past three trading days, staying below both its 100 and 200-hour moving averages in the process. Although the price neared these moving averages on Friday, sellers took control and led the currency pair to close near its lows. This selling pressure intensified on Monday, pushing the price towards the low levels seen on April 13th and 14th.During early European trading today, the USDCHF reached a low of 0.8860, just 1 pip short of the April 13th lo... Read More
Posted: Apr 25 2023, 15:49
Author Name: forexlive
Views: 101982

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