Swing high, 50% and 100 bar MA on 4-hour chart
The USDCHF has scooted higher and in the process moved to the next target at the 50% retracement at 0.9444 (see earlier post). Also at the level is a swing high from January 25 at 0.9448 and the 100 bar MA on the 4-hour chart at 0.94478.
Those three things should stall the rally - or at least give buyers a cause for pause (and encourage profit taking). A move above, however, should trigger stops and more buying.
