The USDCHF on Friday and again yesterday stalled against the 38.2% retracement of the move down from the mid-August high at 0.85172. The inability to get above that level gave the sellers a go-ahead to push lower. That downside momentum continued through support near 0.8475 where a cluster of moving averages were near converged. Today the price rebounded back above those moving averages, but could not sustain momentum, and when in the US session today, the USD selling took the price back below the cluster of MAs, buyers once again turned to sellers. The price is now back down testing the Thursday and Friday lows which came in at 0.84486 and 0.8451. THe low price just reached 0.84515.The dip
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