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USDCHF falls below the 200 hour MA, but finds buyers against the 100 hour

January 26, 2021 by admin 0 Comments

Price trades between MA levels

The USDCHF held support in the London morning/early New York trading against its 200 hour moving average at 0.88819. However the dollar selling in early near trading has push the price below that moving average level. The run to the downside reached 0.88722. That was just above the 100 hour moving average at 0.88712.

The current price trades at 0.88743.

Buyers and sellers will now battle it out between the moving average levels. The sellers are trying to take back more control, but will need to stay below the 200 hour moving average, and get below the 100 hour moving average

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This article was originally published by Forexlive.com. Read the original article here.