Earlier at the start of the day, the pair found solid support at the 100-hour moving average (blue line) and successfully pushed above both the 200-hour moving average (green line) and a swing area resistance area (green numbered circles) between 0.7986 and 0.7994. This area now serves as close support going forward on a further dip lower..
However, failure to hold above the 0.7986–0.7994 zone and the 200 hour MA at 0.7980 could open the door for a pullback toward 0.7947, where swing area and 100 hour moving average support converge.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about usdchf runs higher but stalls at swing area resistance 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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