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The USDCHF support and resistance are squeezing closer and closer together

The USDCHF trades in a narrow up-and-down trading range of only 33 pips. The 22-day average (about a month of trading) is at 64 pips. Technically, on the weekly chart (see video above) the price last week broke below 2021 lows, and on the break traded to the lowest level going back to 2015.Drilling down to the hourly chart below (and in the video), the price of the USDCHF has been below its 100-hour moving average since July 6. The consolidation over the last 4 or so days near the low has allowe... Read More

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Content Topics

Usdchf

Support

Resistance

Squeezing

Closer

Together

Forex

Posted: Jul 19 2023, 14:02

Author Name: forexlive

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