August 14, 2022

Forex Solution

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The USDCHF is up testing the high from September 20

1 min read

High price at 0.93321

The USDCHF is following the dollar higher and trades at its highest level since September 20. That high came in at 0.93321. The price is just breaking above that level as I type.

High price at 0.93321_

Looking at the daily chart, the next target comes between 0.93606 and 0.93753. That area is swing lows and highs going back to June 2020, July 2020, and March 2021 (see daily chart above). Move above that area, and the upside bias increases.
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