USDCHF tests underside of trendline on hourly. Fails to extend on break of 100 day MA on Friday
The USDCHFÂ fell below the 100 day MA at the 0.9151 level on Friday. This should have led to a momentum move lower, but when that did not materialize today,and the price found support against trendline support on the hourly chart, the price rebounded back higher.
The price is testing the underside of the broken trendline at the 0.9198 level. A move above the level will next target the 38.2% of the move down from last weeks high and the 100 hour MA at the 0.92159-0.9220 levels.










No Responses to “USDCHF tests underside of trendline on hourly. Fails to extend on break of 100 day MA on Friday”
Add a comment