USDCHF returns back toward the 200 hour MA

In the morning video report, the USDCHF USD/CHF The USD/CHF is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Swiss franc of Switzerland (code CHF). The pair’s exchange rate indicates how many Swiss francs are needed in order to purchase one US dollar. For example, when the USD/CHF is trading at 1.2500, it means 1 US dollar is equivalent to 1.25 Swiss francs. The US Dollar (USD) is the world’s most traded currency, whilst the Swiss franc (CHF) is the world’s sixth most traded currency, The USD/CHF is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Swiss franc of Switzerland (code CHF). The pair’s exchange rate indicates how many Swiss francs are needed in order to purchase one US dollar. For example, when the USD/CHF is trading at 1.2500, it means 1 US dollar is equivalent to 1.25 Swiss francs. The US Dollar (USD) is the world’s most traded currency, whilst the Swiss franc (CHF) is the world’s sixth most traded currency, Read this Term was trading between the 100 and 200 hour MAs (blue and green lines - see VIDEO here).

The USD moved lower and so did the USDCHF. That took the price below the lower 200 hour MA and that momentum fell below a swing area near 0.9533 to 0.9537.

However, momentem stalled with the stock market Stock Market A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don Read this Terms peak, and the price started to move back higher.

Now the pair is back up retesting the 200 hour MA and finding some trader lean against the MA level. That is not all that surprising. If the sellers are to stay in control, that level is one of the barometers that if held, would keep the sellers in control.

In contrast, if broken, the sellers may look to cover with the 100 hour MA above (blue line) at 0.95854 as the next target.

So key resistance being tested Can the seller keep a lid on the pair against the level or is the low in place and a further rotaion higher the path of least resistance?. What we know is risk can be defined and limited against the levels.