Tests 61.8% of the move down from last weeks high
The USDCHF is trading at session highs – following the USDs move up.
The last push has taken the price above the 100 hour AM at 1.0082 and also the 50% of the move down from last week’s highs at the same level. Traders who leaned against that level on the way up, are being forced to cover. Longs from below are liking the push above the key technical target level (it is now support for the pair). The buyers are exerting more control.