The latest price action shows the pair testing the 100- and 200-hour moving averages, currently converged between 0.8255 and 0.8259. These levels are acting as short-term resistance. A sustained move above would tilt the bias modestly higher and expose the top of the consolidation zone near 0.8333. Beyond that, the 38.2% retracement of the move down from the March 31 high comes in at 0.83505
Key technical levels:
Support: 0.8195 to 0.8212 (swing area at the low of the red box)
Bias: Modest negative below the 100/200 hour moving averages
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf consolidates in a tight range pressure builds near key moving averages 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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