Technical Analysis

USDCHF moves toward a cluster of resistance above….

Trend line, 100 day MA, 61.8% retracement at the 0.9855-66 area

The USDCHF is moving toward a cluster of resistance defined by a number of technical levels including:

  • A topside trend line (going back to July) and the swing high from Monday at 0.98525.
  • The 100 day MA at 0.9862
  • The 61.8% of the move down from the July high at 0.9866

That cluster of resistance should give the buyers some cause for pause. The high today has reached 0.98526. The current price is trading at 0.9848.

ForexLive

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