Went against the dollar rise, then got back in line
The USDCHF tumbles in the US morning session and in the process fell below a number of swing levels in the 0.9900 to 0.99047 area. The low reached 0.9894 but ran out of momentum.
The price started to rebound and now the price is back up to the 200 hour MA at 0.99317 and moving toward a topside trend line at 0.9937. A move above that line will look toward the 100 hour MA at 0.99465. The 100 hour MA stalled the rally in the London morning session. Give the downs and ups today, you kinda expect that lap might just be completed before the close. That would be something though.
The EURUSD is moving to new session lows as I type. If that moves further lower, perhaps it helps to push the USDCHF even more to the upside. I would not be surprised.
