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The week ahead: USDCHF sellers had their shot on Friday, but missed.

The week ahead: USDCHF sellers had their shot on Friday, but missed.
The USDCHF sellers had their shot on Friday on the break of the 200-hour MA, but could not sustain momentum. The better US jobs report started the wheels in motion for a move back to the upside. That took the price back above the 200 and 100-hour MAs in the process (at 0.90564 and 0.90718 respectively). However, there is also key upside target resistance at 100-day MA and the 50% retracement of the 2023 trading range both at 0.9126. That level will be targeted next week and would need to be brok... Read More
Posted: Jun 3 2023, 00:05
Author Name: forexlive
Views: 102272

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