USDCHF trades between 100/200 hour MAs ...Middle East

While the EURUSD and the GBPUSD trades between the 100 and 200-hour MAs. The USDCHF is also trading between those two MAs as the last trading of the day of the weeks gets started The 100-hour MA is below the current price at 0.8448 (blue line in the chart below). The higher 200-hour MA is at 0.8494 (green line). The good news for the buyers is the price moved above the 100-hour MA yesterday for the first times since August 10. For the trading week, the USDCHFpair closed last week at 0.8476. The price moved to a low for the week and lowest level since January 3rd, at 0.8399 during yesterday's trading day (call it 0.8400). The low for the year is at 0.8390 reached on the first trading day o

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