
The USDCHF moved higher on the opening today but quickly moved back to the downside. The low was formed with a double bottom at the 0.7837 level. A slow move higher ensued moving the price toward the 0.7900 level where the 100 hour MA is found. Traders have come in against the technical level with little to do. I am not sure the will is there to do much. Intraday support should center around the 0.7865-68 level.

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