Midweek, sellers made a push lower, with Wednesday and Thursday’s lows falling below the swing area at 0.79197, but downside momentum faded — sellers had their shot but missed. The price moved higher into the close yesterday but stay below its 100 hour with the average (blue line on the chart above)
In the new trading week, the 100 and 200 hour moving averages will be the barometer for buyers and sellers. Moving above the 200 hour moving average would be more bullish. Moving below the 100 hour moving average would be more bearish.
Resistance: 0.79836 (200-hour MA), 0.8017–0.8023 (swing area high)
MAs: 100-hour at 0.7949 | 200-hour at 0.79836 will be the key barometer is in the new trading week
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about usdchf trapped between key moving averages to end the week 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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