Forex technical analysis: USDCHF tests 50% retracement after run higher. - ConsultFX

Forex technical analysis: USDCHF tests 50% retracement after run higher.

Breaks above MA cluster and races higher today The USDCHF consolidated over the last 4 days with the 100 day MA (at 0.9790 today) stalling the upside, and a floor at 0.97347 acting as support.  Today, the pair moved above the 100 day MA and that triggered buying.  Copyright 2015 Forexlive.com