Forex Trading: USD/CHF Breaks Below 200-Hour Moving Average

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Forex Trading: USD/CHF Breaks Below 200-Hour Moving Average

By Greg Michalowski on December 1, 2008 | More Posts By Greg Michalowski | Forex News By FXDD

The USD/CHF moved below the 200 hour moving average at the 1.2071 level and approached the 100 hour moving average at the 1.2013 - reaching a low of 1.2020. The trendline from the low comes in at the 1.2035. A break below the 1.2013 level should lead to further selling in the pair.

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