USD/CHF Price Forecast: Rejected at SMA cluster, bears target 0.78
USD/CHF retreats during the North American session, yet extends edges lower 0.12% as the pair clashes with the confluence of a key resistance area comprised by the 20-, 100- and 50-day Simple Moving Averages (SMAs) at around 0.7842-57. At the time of writing, the pair trades at 0.7830.
USD/CHF retreats during the North American session, yet extends edges lower 0.12% as the pair clashes with the confluence of a key resistance area comprised by the 20-, 100- and 50-day Simple Moving Averages (SMAs) at around 0.7842-57. At the time of writing, the pair trades at 0.7830.
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