USDCHF And 200 Day Moving Average Resistance

February 26, 2013 in Chart Alert

USD/CHF found resistance exactly at 200-day moving average again. If this resistance holds then a reversal may take place but if USD/CHF manages to break this resistance this time then it may try to test the psychological 0.9500. Please check the daily chart of USD/CHF:

On the down side the trend line support needs to be watched.

USD/CHF daily chart

USD/CHF daily chart - resistance at 200 day moving average

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