Forex technical analysis: USDCHF falls below 100 hour MA and 50% 

Correcting the move higher

The USDCHF is making a break below the 100 hour MA and the 50% of the move up from last weeks lows.

The pair has moving higher since the December low against the 100 day MA (see blue line in the daily chart below). If the sellers can remain in control the 1.01259 area is a key "line in the sand" for the pair (see chart below). Be aware.

The price is currently down testing the trend line on the hourly at the 1.0169 level the 200 hour MA comes in at 1.0156. The price has traded above the 200 hour MA since Jan 21.