The USDCHF moved up to test it 200-hour moving average in trading today near the 0.8997 level and found willing sellers. Also near the area is a 38.2% retracement of the move down from the May 31 high. That level comes in at 0.8995. The natural resistance at 0.9000 has the area between 0.8995 and 0.9000 as a key target area to get to and through if the buyers are to take more control in this currency pair.
USDCHF stalls at the 200 hour MA on rise today. Key resistance target above today.
- USDCHF between the 100 and 200 hour MAs
Top Brokers
Sponsored
investingLive is a market news and analysis platform that lists and reviews forex brokers for informational use only. We do not provide investment advice or brokerage services. CFDs are complex, high-risk products and may not be suitable for all investors. investingLive is not responsible for any trading losses or decisions made based on content found on our site.
