The USDCHF moved lower at the start of the week but found willing buyers near the 200 hour MA. Later in the week, the price rose aided by the price reaction on the Switzerland tariffs imposed by the Trump administration.
Since then, the price action has seen a number of downs-and-ups.
The price low since the high, did find support buyers near the 50% of the move up from the July 23 low to the August 1 high at 0.80405. The subsequent highs have found willing sellers near 0.80893 (since Wednesday).
In the video above, I take a look at the USDCHF and explain the technicals in play and explain why the levels are important for you and your trading in the current environment.
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