The USDCHF moved lower this week helped by flight to safety flows after strong selling in the equity markets. That move lower, took the price back below its 200 day moving average near 0.8883, and the 38.2% retracement of the move-up from the December low also at that level. More momentum took the price below a swing area near 0.8819, and when that was broken, down to the 50% midpoint of the same move higher from the December 2023 low at the 0.8777 level. Technically, buyers leaned against that level - helped by rebounding stocks today - and the price of the USDCHF has moved back above the aforementioned level at 0.8819. So overall, There is strong support at the 50% midpoint at 0.8777.The
Hence then, the article about usdchf bounces as flight to safety flows abate what levels are in play going forward was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( USDCHF bounces as flight to safety flows abate. What levels are in play going forward? )