USDCHF consolidates gains between the 100 and 200 hour moving averages

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USDCHF consolidates gains between the 100 and 200 hour moving averages

<p>The USDCHF is trading higher today after an early dip in the Asian session.  </p><p>Technically, the move to the upside was able to get above a swing area between 0.9917 and 0.99299. Above that, and the price extended above its 100 hour moving average at currently at 0.99355. </p><p>The high price for the day did extend above the higher 200 hour moving average at 0.99732 reaching an intraday high of 0.99793. However, that break was short-lived and the price has settled between the 100 hour moving average below and the 200 hour moving average above.</p><p>The technical bias is more neutral between those 2 levels. A move above the 200 hour moving average or move below the 100 hour moving average will be eyed for trading clues going forward.</p>

                This article was written by Greg Michalowski at forexlive.com.

Source: USDCHF consolidates gains between the 100 and 200 hour moving averages

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