USDCHF stalls at the 200 hour MA

The USDCHF has chopped higher in trading today. The pair started the day near a swing area at 0.9591 to 0.9606 after breaking back above the 100 hour MA yesterday and closing above. The low in the Asian session stalled the fall in the 0.9591 to 0.9606, moved higher to 0.9652 before rotating back to the high of the swing area in the London morning session.

In the US sessin the price has seen up and down action, but did extend to a new high for the day at 0.9654. That was just short of the 200 hour MA at 0.96561. The price is trading at 0.9650 currently.

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