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USDCHF ping-pongs between the hourly moving average levels

August 04, 2020 at 02:31PM

200 hour moving average above and 100 hour moving average below confines the trading range
The USDCHF is ping-ponging between the hourly moving averages. On the topside, the pair has found sellers near the 200 hour moving average above. That moving average currently comes in at 0.9175.  On the downside, the 100 hour moving average at 0.91382 is finding leaning support buyers. 
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Author: https://www.forexlive.com/technical-analysis/!/usdchf-ping-pongs-between-the-hourly-moving-average-levels-20200804 Selected by SYFX+

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