USDCHF moves down toward 200 day MA at 1.0491

Written March 17, 2010 at 1:44 PM EST by  

gregmike-00882

The USDCHF is moving back down toward the 200 day MA support at 1.0491.  A move below this level will likely pressure the USDCHF further.  However, the higher the CHF goes (versus EURCHF and USDCHF) the better the chance for intervention.  That intervention level would be the new tolerant level for the EURCHF.  The EURCHF has has been pressured today and is trading at the 1.4477 level, 150 pips below the old floor at 1.4630.

gregmike-008831

No Responses to “USDCHF moves down toward 200 day MA at 1.0491”

Add a comment