Greg Michalowski

USD/CHF Moves Below 100 Hour Moving Average As Dollar Gets Sold

By Greg Michalowski on | More Posts By | Forex News By FXDD

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The dollar is coming under pressure in NY trade.  The USDCHF moved below the 100 hour MA in a large liquidaton bar on the hourly chart.  The pair extended above the trendline resistance this week, but could not maintain any momemtum.

The pair remains largely non trending over the last few months

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