Forex Trading: USD/CHF Moves Below The 100-Hour Moving Average

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Forex Trading: USD/CHF Moves Below The 100-Hour Moving Average

By Greg Michalowski on January 8, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The USD/CHF has moved below the 100 hour moving average which currently comes in at 1.1012. The low for the day has been 1.0961. The low yesterday was 1.0868. These will be support levels for the pair as pair struggles to find a direction. A development which favors the downside is the tensions in the Middle East intensified overnight. This may come into play again.

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