USDCHF continues the ups and downs that has dominated the last two weeks of trading. ...Middle East

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The USDCHF is higher on the day, and in the process has moved back above its 200-hour moving average 0.90416 and 0.90471. Those two moving averages are near the middle of what has been an up-and-down train rage over the last 9+ trading days (around two weeks). That range has seen the price of trade between 0.8998 and 0.90949 (around 100 pips). That is not a lot of range for that period. Clearly, the market is "buying time" until the next shove (higher or lower).The good news for the buyers is that support held at the low of that trading range on Friday. Buyers leaned on the dip. Also, getting above the 100 and 200-hour moving averages is an additional tilt to the upside from the price act

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Last updated : 08 April 2024 clock 05:13 PM

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USDCHF continues the ups and downs that has dominated the last two weeks of trading. ...Middle East

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