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Forex technical analysis: USDCHF banging against a ceiling

Discussion in 'Technical Analysis' started by ForexLive, Oct 18, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    A move above 0.9909 eyed The USDCHF is banging against a ceiling at the 0.9909 area. The high from October 12 came in at 0.99089. The high on October 13 was also near that level. The high yesterday reached 0.99057 before moving back lower. The price just banged against that high and could not quite get though the level on the test (we are trading back down at 0.99017 currently).

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