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.


Articles You May Like

Nasdaq bounces off of unchanged in some late day selling
How To Use Support Resistance Forex Trading Strategies
USDJPY Rallies to Fresh High as EURUSD Tilts Back-Below 1.1300
WTI trims losses, re-takes $ 52.50 amid US-China trade optimism
AUD/JPY Technical Analysis: 77.50 again triggered the bounce targeting 78.77

Leave a Reply

Your email address will not be published. Required fields are marked *