{"id":198380,"date":"2023-11-22T15:02:51","date_gmt":"2023-11-22T09:32:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=198380"},"modified":"2023-11-22T15:02:51","modified_gmt":"2023-11-22T09:32:51","slug":"maintains-position-above-0-8850-barrier-at-nine-day-ema-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/maintains-position-above-0-8850-barrier-at-nine-day-ema-crypto-news\/","title":{"rendered":"Maintains position above 0.8850, barrier at nine-day EMA &#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 halts a losing streak on the likelihood of further policy tightening by the Fed.<\/strong><\/li>\n<li><strong>Nine-day EMA appears as the key barrier followed by the 0.8900 psychological level.<\/strong><\/li>\n<li><strong>A break below the 0.8850 level could push the pair toward three-month lows.<\/strong><\/li>\n<\/ul>\n<p>USD\/CHF snaps a three-day losing streak, edging higher near 0.8860 during the European session on Wednesday. The nine-day Exponential Moving Average (EMA) at 0.8892 emerges as the resistance aligned up with the psychological region at the 0.8900 level.<\/p>\n<p>A breakthrough above the latter could open the doors for the USD\/CHF pair to explore the next barrier around the 23.6% <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/support-resistance\/fibonacci\">Fibonacci<\/a> retracement at 0.8913 followed by the 0.8950 major level.<\/p>\n<p>The Federal Open Market Committee (FOMC) meeting minutes on Tuesday suggested that additional monetary policy tightening may be necessary if new data does not reach the Federal Reserve&#8217;s (Fed) inflation target, which may be the reason why the USD\/CHF pair has gained strength. Until there is evident and consistent progress toward the Committee&#8217;s inflation target, the Board resolved to stick to its strict stance.<\/p>\n<p>However, the technical indicators for the USD\/CHF pair support the current downward trend. The 14-day Relative Strength Index (RSI) below 50 indicates bearish sentiment, indicating that the pair is losing momentum.<\/p>\n<p>Furthermore, the Moving Average Convergence Divergence (MACD) line is below the centerline, with divergence below the signal line, indicating that the USD\/CHF pair could re-test the major support at the 0.8850 level. If there is a break below the level, the pair could navigate the area around the psychological level at 0.8800, nearing the three-month low at 0.8795.<\/p>\n<h3 class=\"fxs_headline_medium\">USD\/CHF: Daily Chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638362411550898979.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/CHF halts a losing streak on the likelihood of further policy tightening by the Fed. Nine-day EMA appears as the key barrier followed by the 0.8900 psychological level. A break below the 0.8850 level could push the pair toward three-month lows. USD\/CHF snaps a three-day losing streak, edging higher near 0.8860 during the European [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":41882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,277,252,247,253,249,308,597,256,254],"class_list":["post-198380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","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\/198380","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=198380"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/198380\/revisions"}],"predecessor-version":[{"id":198381,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/198380\/revisions\/198381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/41882"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=198380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=198380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=198380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}