A tough nut to crack: The USDCHF tests a tough resistance level at 100 day MA /50% retracement - ConsultFX

A tough nut to crack: The USDCHF tests a tough resistance level at 100 day MA /50% retracement

Look for some profit taking Be aware... The USDCHF is testing a key level defined by the 100 day MA and the 50% of the move down from the October 2017 high. Those technical levels come in at 0.9612. I would expect profit takers/sellers to lean against the level with stops above. The risk/reward is minimal at