| USDCHF back above its 100 hour moving average. Can the momentum continue. That MA comes in at 0.8591. The 0.86307 is the target to get above. If done the 200 hour MA becomes the target at 0.8663. Yields are higher in the US helping the dollar buying. |
Founded in 2008, ForexLive has been the go to source for both professional and retail traders from around the globe. Our core belief is that all traders want relevant and succinct trading information, and we deliver it 24 hours a day.
You Might Also Like
USDCHF price action volatile but finds support at key technical levels today. What next?
2023-11-10
The USDCHF has experienced ups and downs in its price action, but has found support at important technical levels like the 200-day moving average and the 50% midpoint. Staying above these levels would be bullish, while moving below them would be bearish.
Quick thoughts: Real money is hitting the bond market
2023-11-08
Adam Button from ForexLive talks about the backdrop in markets on Nov 8, 2023 and what it means going forward.
Three main topic:
1) Yields and what they’re saying
2) The dollar rallying despite the strong risk trade
3) The drop in oil and whether it’s sending mixed signals
USDCAD rebounds higher and retraces 50% of the move down from last week’s high. What next?
2023-11-07
The 50% of the move down comes in at 1.37634. The 100 hour MA is close support now at 1.3740.
Tags: Featured,newsletter
