Lots of stuff between 0.9500 and 0.9552 in the USDCHF
The USDCHF has been banging against 100 and 200 day MA over the last few trading days. Those two moving averages currently come in at 0.9500 and 0.9520. The high price today reached 0.9514. The current price is moving back toward that level with the recent semi dollar buying (the baby might be awakening). The price has not traded above the 200 day moving average since May 27. Although a break above those 2 moving averages would be something new and would be something bullish,there is additional resistance in the 0.9531 to. 0.9552 area. Looking at the daily chart, there have been a number swing lows and swing highs going on way back to November in this area. The market may continue to find sellers on rallies until that time all the hurdles can be broken...
