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USDCHF breaks below 50% and approaches the 100-day MA target

USDCHF falls below 50% and heads towards the 100D MA

USDCHF is trading to new lows and in doing so has fallen below the 50% retracement target. This level stands at 0.89763. The decline brings the price closer to the ascending 100-day MA. This MA stands at 0.89277.

USDCHF price last traded below the 100-day moving average on March 12 at 0.8754. From this level, the price reached a high of 0.92237.

Although it has fallen below 50%, lower highs and lower lows lately, the 100-day MA tends to slow down moves – at least when first tested. So be aware that dip buyers might be looking to put a toe in the water relative to the level when first testing.

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