USDCHF consolidates gains. Traders use swing area resistance as lean point/low risk target ...Middle East

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The USDCHF is consolidating in a narrow trading range today after and up and down move to the upside on Monday and Tuesday. Recall on Monday, the low price installed nearly 38.2% retracement of the move up from the March 2024 low. That level comes in at 0.90341.The subsequent move to the upside has taken the price back above its falling 100-hour moving average at 0.90753. However, resistance held against a swing area between 0.9087 and 0.90949. Sellers leaned against the high of that risk-defining level today. The stall at that level, increases at levels importance from a technical perspective going forward. A move above is needed to give buyers the go-ahead to push higher.Conversely on t

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Last updated : 08 May 2024 clock 04:48 PM

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USDCHF consolidates gains. Traders use swing area resistance as lean point/low risk target ...Middle East

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