USDCHF: Buyers try to press higher ...Middle East

The pair has now moved above the 200-hour moving average (green line at 0.82769) and a key swing area between 0.8268 and 0.8280, but bullish conviction remains in question. The high so far has reached 0.8291. A break above this level should open the door to test further resistance targets:

A key swing zone between 0.8318 and 0.8333

Key levels to watch:

Resistance: 0.8291 (high for the day), 0.8306 (high from Friday), 0.8318–0.8333 (swing area)

Buyers are trying again—this time with momentum on their side. Will resistance crack?

This article was written by Greg Michalowski at www.forexlive.com.

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