USDCHF buyers take the price higher this week after basing at the 50% midpoint at 0.87989 ...Middle East

The USD/CHF pair, after trading within a range of 0.8400 to 0.8550 through late August and October, transitioned from consolidation into a trending phase. This shift began as prices broke through key levels in a step-by-step manner, marking the transition from non-trend to trend. Last week, the price moved above the 50% midpoint of the move down from the April high at 0.87989, and the 200 day MA at 0.88298. The price reached a target area near 0.8914 to 0.8923 and backed off into the close last Friday. Early this week, the pair moved lower initially, breaking below the 200-day moving average at 0.88298 and reaching the 50% retracement of the decline from the April high at 0.87989, near the

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USDCHF buyers take the price higher this week after basing at the 50% midpoint at 0.87989 ...Middle East

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