On the topside, the pair is now testing the 100- and 200-hour moving averages, which converge near 0.881–0.88225 area, serving as immediate resistance. The 200 day moving averages below that area and 0.88093. A move above this zone would tilt short-term momentum more in favor of the bulls.
Stay below the moving averages and the low of the swing area at 0.8794 would need to be broken to increase the bearish bias.
Key technical levels:
Resistance: 0.88225 (100/200 HMA), 0.8848 (swing area), 0.8862 (38.2% fib)
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf technical analysis key resistance at 0 8828 0 8848 caps upside for now 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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