USD is higher, as is USDCHF in US morning trading. The pair has now moved back up to retest its rising 100-day moving average of 0.91199. It will now take a move above this level – and staying above this level – to increase the bullish bias and cause traders to look towards the high prices from earlier this week and last week between 0, 91469 and 0.9151.
This article was written by Greg Michalowski at www.forexlive.com.
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