USDCHF recovers above key moving averages; buyers need follow-through
USDCHF traded above its 100- and 200-hour moving averages near 0.83291, but buyers still lack strong upside momentum.
14 h ago13 min read
USDCHF traded above its 100- and 200-hour moving averages near 0.83291, but buyers still lack strong upside momentum.
USDCHF range tightens to 27 pips; traders await breakout signal from converged moving averages.
USDCHF rebounded after a sharp correction, now trading between its 100 and 200-hour moving averages. Buyers need to overcome the 100-hour MA.
The USDCHF pair has posted six consecutive daily gains. It sits near the 0.83485 resistance level, which buyers have twice failed to hold above.