The Traderszone Network

Published in TZ Latest News 28 September, 2015 by The TZ Newswire Staff

Forex technical analysis: USDCHF stalls fall near support

Consolidates the fall
The USDCHF fell below the 100 hour MA today (
in the chart below at 0.9770) and trend line support on the way to the 38.2% retracement of the move up from the September 18 low and the 200 hour moving average (green line in the chart below). Both of those technical levels come in at the 0.97218 area.  The price is currently testing the underside of the broken trendline at the 0.9742.