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Forex technical analysis: USDCHF corrects some of the London gains

Discussion in 'Technical Analysis' started by ForexLive, Sep 30, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Sharp gains being retraced The USDCHF is retracing some of the gains seen in the London session. The run up took the price for the pair up toward the 100 day MA at the 0.9756 level (the high reached 0.97509). The price has moved back around 38.2% of the move up from the low from yesterday. That level comes in at 0.9708. The 200 hour MA is at 0.97135 currently. Further down is the 100 hour MA and the 50% of the move up at the 0.9695/96 area. That level SHOULD find support buyers on a test.

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