USDCHF continues to move higher, but just barely ...Middle East

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The USDCHF has been trading higher since September 30, and after breaking outside of the "Red Box" on October 4. The price moved up to a swing area and then above the 38.2% retracement during last week's trading. On Monday this week, the price corrected down to retest the 38.2% retracement at 0.86318 and found support buyers. That was good news technically for the buyers, and the price did move higher extending above the high prices from last week at 0.8668 in the process. However, the high price today fell short of its 100 day target at 0.86959 (only reaching 0.8685). The prices currently trading above and below that 0.8668 level. I wouldn''t say the break was met with enthusiasm. In fact,

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Last updated : 23 October 2024 clock 10:41 PM

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USDCHF continues to move higher, but just barely ...Middle East

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