The USDCHF trended higher this week, and yesterday extended above the 200 bar moving average on the 4-hour chart, and the 38.2% retracement of the move down from the early November high to the December low. However, after peaking at 0.8685, the price started to retrace, and in the early Asian session today the 38.2% retracement was retested at 0.86298. Buyers leaned against the level and pushed the price higher. The stronger-than-expected initial jobless claims, pushed the USDCHF higher and to a new session high over the last hour or so of trading. The high price has reached 0.8689. What next?Staying above the 38.2% retracement is a requirement to keep the buyers more in control. A closer
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