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Usd/Chf firmly above 200 hour M/A

Written March 10, 2010 at 2:41 AM EST by Vincent Facchino 

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The USD has been bid thus far in early European trade. German trade balance and current account had less of a surplus than expected which may have precipitated USD strength.

Usd/Chf is trading just off session highs at 1.0773, firmly above its 200 hour M/A of 1.0750. The pair seems to be gaining momentum and a breach of 1.0800 is possible.

vincent_fx00013

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