breaking news USDCHF Consolidates Gains Between 100 and 200 Hourly Moving Averages

USDCHF is trading higher today after an early decline in the Asian session.

Technically, the bullish movement could have exceeded a swing zone between 0.9917 and 0.99299. Above that, and the price has extended above its 100 hourly moving average currently at 0.99355.

The daily high price extended above the upper 200 hourly moving average at 0.99732, reaching an intraday high of 0.99793. However, this break was short-lived and the price stabilized between the 100 hourly moving average below and the 200 hourly moving average above.

The technical bias is more neutral between these 2 levels. A move above the 200 hourly moving average or a move below the 100 hourly moving average will be looked for for trading clues going forward.

USDCHF trades between its 100 and 200 hourly moving averages


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