{"id":140323,"date":"2023-09-01T23:51:17","date_gmt":"2023-09-01T18:21:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=140323"},"modified":"2023-09-01T23:51:17","modified_gmt":"2023-09-01T18:21:17","slug":"struggles-at-the-confluence-of-0-8800-and-50-dma-retraces-to-0-8780s-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/struggles-at-the-confluence-of-0-8800-and-50-dma-retraces-to-0-8780s-crypto-news\/","title":{"rendered":"Struggles at the confluence of 0.8800 and 50-DMA, retraces to 0.8780s &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>USD\/CHF grapples with the 50-DMA at 0.8808, marking a decline of 0.38% for the day.<\/strong><\/li>\n<li><strong>A sustained upward trend could see buyers target the June 16 resistance at 0.8901, with sights set on the 0.9000 milestone.<\/strong><\/li>\n<li><strong>A daily close below 0.8800 could send the pair diving toward 2014 low of 0.8699 and potentially the YTD low of 0.8552.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdchf\">USD\/CHF<\/a> clashes with the 50-day Moving Average (DMA) at 0.8808 and retraces, and prints a daily low of 0.8785 amid a choppy trading session as investors brace for the Jackson Hole Symposium, where the US Federal Reserve (Fed) Chair <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Jerome Powell<\/a> remarks, are awaited. The USD\/CHF is trading at 0.8788, down 0.38%.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CHF Price Analysis: Technical outlook<\/h2>\n<p>The pair remains trending steadily to the upside, but the 50-DMA and its confluence with the 0.8800 figure, exacerbated a dip toward the 0.8780s region. If USD\/CHF price action continues to register successive series of higher highs and lows, USD\/CHF buyers could reclaim the 50-DMA in the near term and target the June 16 daily low turned resistance at 0.8901. A decisive break would expose the 0.9000 figure.<\/p>\n<p>Conversely, if USD\/CHF extends its losses and achieves a daily close below 0.8800, the USD\/CHF would dive towards the 2014 swing low of 0.8699, followed by the year-to-date (YTD) low of 0.8552.<\/p>\n<h3 class=\"fxs_headline_medium\">USD\/CHF Price Action \u2013 Daily chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638282358861513076.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/CHF grapples with the 50-DMA at 0.8808, marking a decline of 0.38% for the day. A sustained upward trend could see buyers target the June 16 resistance at 0.8901, with sights set on the 0.9000 milestone. A daily close below 0.8800 could send the pair diving toward 2014 low of 0.8699 and potentially the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,277,252,247,253,249,308,597,256,254],"class_list":["post-140323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=140323"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140323\/revisions"}],"predecessor-version":[{"id":140324,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140323\/revisions\/140324"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/4629"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=140323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=140323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=140323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}