Trades at highs for the day/highest level since Jan 26
The USDCHF is trading a bit more bullish.
After retesting its 200 hour MA at 0.93336 (the low reached 0.9338) in the London morning session, the price started its rebound higher.
Over the last 4 or so hours, the price has been able to extend above a ceiling area at 0.9393-988) and the 38.2% at 0.93988. The price is trading above that level/area which is more bullish.
The next major target is up at the 0.94448. That is the 50% of the move down from the Jan 22 high. Close risk for the longs is 0.9392 now. Stay above and bulls/buyers are hurting the shorts.
