The low reached this week, reached a new low going back to 2011 down to 0.8038. The price this week then started its rotation back to the upside.
The price has since rotated back down and currently trades at 0.8292. Sellers against the level are benefiting from the rotation to the downside.
If that momentum can continue, getting below 0.8269 and staying below that level is my first major target. Below that and traders will look toward a swing area between 0.8230 and 0.8239 followed by the rising 100 hour moving average of 0.82163 and rising 200 hour moving average of 0.81898.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf sellers lean against resistance at a swing area on the weekly chart what next 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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