Forex Trading: USDCHF Reaches 200 Hour MA And Finds Sellers
The USDCHF pushed higher in the last 20 minutes of trading and hit the 200 hour MA at the 0.9155 level (high reached 0.9155. The resistance target was too tempting for longs and they quickly took some profit against the level. The pair has moved below the 50% retracement of the move down from Friday’s high at the 0.9150 level now but has additional intraday suppport at the 0.9142 level get through before longs give up.
Enter your E-mail address to subscribe to DailyMarkets.com for FREE
Best Credit Cards
Chase Freedom- Blue Cash
- Chase Sapphire
- American Express Platinum Card
- United Credit Card
- Southwest Credit Card
- Delta Credit Card
- British Airways Card - Get 100,000 Bonus Points
- Blue Cash Preferred
- Capital One Venture
- Discover Card
- Chase Ink Credit Card
- Discover More Card - 18 Month Promotional Balance Transfer
- Chase Sapphire Preferred
- Ritz-Carlton Rewards Credit Card
- Citi Diamond Preferred Card
- American Express Premier Rewards Gold Card
- Starwood Preferred Guest
- American Express Gold Card
- Citi Dividend
- Capital One Cash Rewards
- Discover Student
- Marriott Rewards Credit Card
- Marriott Rewards Premier Credit Card
- Capital One Secured Credit Card
- Hilton Rewards
- Credit Card Rewards
Broker Reviews