The pair has now reached its first resistance zone between 0.7938 and 0.7947 (the high reached 0.7848). A firm move above this area is needed to give buyers more control and momentum with a string of moving averages to be eyed IF the buyers are to take back more control..
Next target: The swing area high at 0.7947
Then the 100- and 200-hour moving averages near 0.7986
ON the downside, the 0.79197 is the level for sellers to get and stay below. Remember, the USDCHF is trading at levels not seen since 2011. So these level are extremes.
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This article was written by Greg Michalowski at investinglive.com.Hence then, the article about usdchf bounces after failed breakdown key levels lie ahead 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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