The 38.2% of the move down from early May comes in at 0.8698 |
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Home › Videos › 4) FX Trends › 4.) Forex Live › USDCHF bounces off the 38.2% retracement level today. Why is that important?
Published on November 8, 2024
The 38.2% of the move down from early May comes in at 0.8698 |
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Traders are watching support at 1.3888 and 1.3864 as close support
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In this video, I show you what that shift looks like.
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The 100-day MA remains a key resistance target. Stay below is more bearish TODAY and going forward.
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USDCAD recently dipped below key support levels following USD weakness driven by Powell’s speech, signaling continued momentum towards swing area target. Sellers in fim control
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