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USDCHF trades higher with help from yields

Yesterday, the USDCHF moved to the lowest level since January 2021 after breaking below the double bottom from this month at 0.8859. That's a good news. The bad news is the price could only extend to 0.8851 before rotating back to the upside.Failed break (see chart above).The price rebound yesterday moved toward the 100 hour moving average and closed just above that moving average level (blue line in the chart above). In the Asian session today, the price waffled up and down in a narrow trading... Read More

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Usdchf

Trades

Higher

With

Help

From

Yields

Forex

Posted: Apr 27 2023, 14:20

Author Name: forexlive

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