USDCHF trades through MA levels but stalls at swing area

Technical Analysis

Author: Greg Michalowski | usdchf

Back between hour MAs

The USDCHF got close to the 1.0000 today, but the dovish Fed put an end to those ideas.

Back between hour MAs
The price tumble has sent the pair down through the 200 and 100 hour MAs but did stall near a swing area at the 0.99308-337 area. The price has moved back up to between the MA line (blue and green lines).  Look for sellers against the 200 hour MA now.

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