Chart Of The Day: USD/CHF

Published 11/17/2021, 06:35 PM
Updated 07/09/2023, 06:31 AM

USD/CHF Daily Chart.

USD/CHF hit some major resistance today, and a confluence of other resistance. Previous resistance from early October. Also, the 78% retracement of the Sept. 30 highs to Nov. 1st lows. But the most important resistance is that we hit the trend line that has been hit multiple times from the April 19th, 2019, highs. While below the .9330 level the risk is for a move back to the 200-day moving average, while the long-term triangle consolidation continues to form.

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