USDCHF ping pongs between the 100 hour MA and 100 day MA today


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Bounces off the 100 day MA today

The USDCHF has ping ponged between the 100 hour MA above (at 0.9892 now) and the 100 day MA below at 0.98576.  The test of the 100 day MA on the current bar is bouncing strongly with the price back up to 0.9884.  Can the price crack the 100 hour MA now?  That is what the buyers against the 100 day MA are now hoping.

Look for momentum on a break. The range for the USDCHF is only 39 pips today. The 22 day average is 63 pips. So there is room to roam on a break. 
ForexLive
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