The USDCHF moved lower/it moved higher.It is up testing 100/200 hour MAs & finding sellers
globalreutersSeptember 6, 20241 Mins read Overall for the week, the USDCHF is little changed with highs on Monday and Tuesday and the low for the week reached today on the US jobs volatility.
After trading to a new low for the week (and a new low for the year too), the price of the USDCHF has snapped back higher with the pair returning to the 200 and 100-hour moving average near 0.8467 and 0.84795.
It would take a move above both those moving averages to give the buyers more control. Absent that, and the sellers are still in the driver’s seat. On the downside, traders will watch 0.84315 as close support. Break below that level and we should take further selling.
This article was written by Greg Michalowski at www.forexlive.com.
Recent Posts
Categories
Related Articles
USDCHF moves above converged 100 and 200 hour MAs and rockets higher
Earlier today, I posted:USDCHF: The USDCHF held resistance at the 100-hour moving...
Matt Gaetz withdraws name for Attorney General nomination
This article was written by Greg Michalowski at www.forexlive.com.
Fed’s Goolsbee: It may make sense to slow pace of interest rate cuts
It make sense for the Fed to slow the pace of interest...
Major European indices close higher on the day
Major European indices are closing higher on the day. The gains are...
Leave a comment