AVAFX

lunes, 22 de agosto de 2011

USDCHF moves toward the 100 hour MA and finds sellers.



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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