We are seeing the EURUSD, GBPUSD and USDCAD break MA levels in trading today. The USDCHF has so far been able to hold above it’s 100 hour moving average ( blue line in the chart below). That level currently comes in at the 0.92096 level and is being tested. Is it the next pair to break a key MA level?
USDCHF is down testing the 100 hour MA at the 0.92095 level. Key test for the pair.
The low in the current bar extended to 0.92105. This is the 2nd test of the 100 hour moving average in the last 3 bars. A break below should solicit more selling pressure. The USDCHF has not been below the 100 bar moving average since January 22.
Is it the next currency pair to make a break? Be aware. Key test.