USDCHF technicals are pretty easy as it trades between MA support and resistance. ...Middle East

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USDCHF technicals are pretty easy as it trades between MA support and resistance.
On Wednesday, the USDCHF moved back above its 100-hour moving average and although the price corrected lower into yesterday's Asian and early European session, the downside momentum found willing buyers near that moving average level.The subsequent rise on the back of higher US stocks yesterday (and the unwinding of the flight to safety flows in the pair), pushed the price toward the 38.2% retracement of the move down from the July high to the August low at 0.86683. The following 200 hour moving average (green line) was also in play. Sellers leaned against those technical levels both yesterday and today. With the price currently trading at 0.8641, it remains below the resistance at the 38.2%

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