The Traderszone Network

Published in TZ Latest News 26 August, 2015 by The TZ Newswire Staff

USDCHF up but…What’s the "but"?

The pair above 100 hour MA but bangs against 100 day MA
The USDCHF has move to new highs after the better than expected durable goods orders, and the price moved above the 100 hour MA in the process (blue line in the chart below). That level comes in at 0.9460 currently.  The 38.2% of the move down from the August 18 high comes in at 0.9462 currently.