The USDCHF is higher on the day, but continued to find resistance to sellers against a swing area ceiling between 0.91469 and 0.9156. If the buyers are to take more control, they need to get and stay above that level. Absent that, the 100-day moving average of 0.91278. The 200 hour movie are to 0.9118 and the 100-day moving average on the four hour chart at 0.9108 or downside targets that if broken would increase the bearish bias.
This article was written by Greg Michalowski at www.forexlive.com.
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