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USDCHF Technical Analysis

On the daily chart below for USDCHF, we can see that the price keeps trending downwards as the market sees the end of the Fed’s tightening cycle at the next meeting, inflation falling back to target and a recession on the horizon. The major trendline and the moving averages keep defining this downtrend and the sellers keep entering the market with conviction at every pullback. As long as the US data keeps deteriorating, we are likely to see new lower lows in the pair going forward. USDCHF techni... Read More

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Usdchf

Technical

Analysis

Forex

Posted: Apr 26 2023, 09:18

Author Name: forexlive

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