USDCHF is still looking very strong this week, with the bulls continuing to make fresh highs within a 3-week uptrend channel. This morning we have pushed up to 0.9230, and are well on course for a return to the early October highs. The first major level above is 0.9315 (6 Oct high), and above there we venture into territory not seen since the first half of the year; 0.9369 (9 Mar high), and 0.9506 (22 Feb high). Key supports are noted at 0.9140 (16 Nov lows), 0.8953 (11 Nov low), 0.8923 (9 Nov low), 0.8762 (3 Nov low), the significant 200-day moving average (now 0.8700) and 0.8611 (31 Oct low).
By
M.Zohaib Gadit
Forex Trading Consultant
By
M.Zohaib Gadit
Forex Trading Consultant
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