Forex Trading: USD/CHF Continues To Find Sellers Against 200-Hour Moving Average

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Forex Trading: USD/CHF Continues To Find Sellers Against 200-Hour Moving Average

By Greg Michalowski on January 2, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The USD/CHF remains contained by the 200 hour MA (green line) and the 50% correction level of the move down from the high of 1.1131 and the low of 1.0368 (level comes in at 1.0750.

The last move to the highs found sellers at the 1.0737. I would guess that a move above the 1.0750 level would solicit stop buying. On the downside the 1.0613 (100 hour moving average) remains the key support level intraday.

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