USD/CHF Moves Higher On EUR/CHF Intervention

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USD/CHF Moves Higher On EUR/CHF Intervention

By Greg Michalowski on June 18, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The USDCHF has move higher as well on the reported BIS buying of the EURCHF. The price has moved to test the 100 hour moving average at the 1.0850. A break above should target higher levels. So far, the pair remains contained against the key moving average as the market dares the central bank.

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