USDCHF returns to 100/200 hour MAs ...Middle East

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Earlier today, the dollar selling took the USDCHF to and through the 100/200 hour MAs which were near converged at the 0.9040 area. That shift back below the MAs, disappointed the buyers from yesterday, and shifted the bias back to the downside. After retesting the MAs, the price moved to a new low for the day at 0.9012. That was short of the low floor that has confined the pair over the last 10 or so trading days between 0.89985 and 0.90056.The subsequent push back higher, has seen the price return to the 100 and 200-hour moving images. Once again traders will need to decide which way the next shift will take the pair.On a move back above, traders will look toward the downward-sloping tr

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Last updated : 09 April 2024 clock 09:29 PM

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