Corrects in NY session
The USDCHF pushed higher in the London morning session, tested the 200 hour MA at 0.9985, fell below the 100 hour MA (at 0.9972), the 100 bar MA on the 4-hour chart (at 0.9954), but stalled at a low floor area where most of the trading has stalled over the last few weeks. "Most" because on Thursday and Friday of last week, there was a break and on each break it failed.
We are back up retesting - well moving above now - the 100 bar MA on the 4-hour chart. The 100 hour MA will now be eyed as shorts cover (at 0.99717).
We remain in the range. If going lower that floor needs to be broken at 0.9938. On the topside, the 100 and 200 hour MAs are the next targets to get to, and through.
