USD/CHF Moving Toward Support

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USD/CHF Moving Toward Support

By Greg Michalowski on April 23, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The USDCHF have moved back down toward the 200 hour moving average currently at the 1.1552 level. The level was tested this morning after the SNB officials failed to talk about intervention (watch our commentary this morning for more background). The 2nd test is approaching. A break should lead to lower levels in the pair but watch for profit taking buyers against the level intraday.

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