USDCHF Technical Analysis: Key Moving Averages in Focus

Wednesday, 3 April 2024, 17:21

The USDCHF pair experienced a downward movement, breaching the crucial 100-hour moving average level. However, the decline was halted as it found support near the 200-hour moving average. Traders are closely monitoring these key levels for potential trend reversal or continuation signals.
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USDCHF Technical Analysis: Key Moving Averages in Focus

USDCHF Technical Analysis

The USDCHF pair recently fell below the important 100-hour Moving Average (MA) level, indicating a bearish trend. However, the decline was limited as it found support near the 200-hour MA.

Key Moving Averages

At 0.90298, the 200-hour MA is acting as a significant support level for USDCHF, preventing further downside at this point.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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