USDCHF on the brink: Key support levels tested ...Middle East

The USDCHF has continued its move to the downside and in the process has dipped below its 200 day moving average target at 0.8893. The pair is also testing it 38.2% retracement of the move up from the December 2023 low. That level comes in at 0.8883. The low for the day just reached 0.88838. The current price trades at 0.8889.Earlier today, the price broke below its 100-day moving average of 0.89309.Also of interest from a technical perspective, is that the price of the USDCHF is trading to the lowest level since March 21 and also near the low for the day. On March 21, the Swiss National Bank surprised the market with a cut of 25 basis points. They were the first major central bank to cut

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USDCHF on the brink: Key support levels tested ...Middle East

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