USDCHF extends up to the 200 hour MA and broken retracement target. Can the buyer break through?
In a post yesterday, I highlighted the importance of the USDCHF swing area extending down to 0.8009, along with the rising 100-hour moving average and the 50% retracement near 0.8000.The low today reached 0.8007—between those key levels and just above the 100-hour moving average. Buyers leaned against that support cluster and have since pushed the price steadily higher.The rebound has now taken the USDCHF toward the next key resistance cluster near 0.8050.
Related Symbols:
USD
CHF
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