Friday , 20 September 2024
Home Forex USD is higher and so is the USDCHF. The pair has reached the 100 hour MA. What next?
Forex

USD is higher and so is the USDCHF. The pair has reached the 100 hour MA. What next?

The USD is higher and so is the USDCHF in morning US trading. The pair has now moved back up to retest its 100-day moving average up 0.91199. It will now take a move above that level – and staying above that level – to increase the bullish bias and have traders looking back toward the high prices from earlier this week and last week between 0.91469 and 0.9151.

This article was written by Greg Michalowski at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Goldman Sachs: BOE rate outlook post-September meeting

Goldman Sachs anticipates the Bank of England will implement a 25bp cut...

The USDCAD tries to keep a short term negative bias below a cluster of moving averages

As the clock ticks toward the weekend, a look at the USDCAD...

Credit Agricole: GBP emerges as a high-yielder post-BOE meeting

Following the Bank of England's decision to maintain policy rates, Credit Agricole...

US stocks start to weaken

The US stocks have started to weaken with the broader S&P and...