100 hour MA

The USDCHF is trading lower and at the lows for the day. In the process, the pair is back testing the 100 hour MA (blue line). Yesterday, that MA was busted and the price shot higher. Going back to August 27th, the MA was tested but held. So there was a reason for the run up yesterday.

Now with the pair down and retesting, will the buyers come back in? Key level for the bulls and the bears. Hold and the buyers are trying to stall the fall. Break and the selling should continue (if can stay below).