The price also moved away from the rising 100 and 200-hour MAs at 0.9125 and 0.90993. It would take a move below those levels to shif the bias more to the downside at least in the short term. Absent that, and the buyers are in firm control.
Looking at the daily chart below, a move above that high from Friday, would have the price at the highest level going back to May 1 when the price extended up to a high price of 0.92237. Just above that level on the daily chart below is the 50% midpoint of the move down from the 2022 high to the 2023 low. That level comes in at 0.92395. That midpoint is within a swing area between 0.9223 and 0.9244. The ceiling (see red numbered circles) should give buyers some cause for pause.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf extending toward highs from last week and highest level going back to may was published today ( ) and is available on forex 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.
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