USDCHF spikes higher after US PPI, but retraces. The pair tests 100/200 hour MAs

The USDCHF moved higher, and then lower after the US PPI and revisions sent the dollar buyers scurrying after seeing the revisions.

The pair is back down testing the 100/200 hour MAs near 0.9072. Key level for both buyers and sellers. Break below, increases the bearish bias. Bounce off and buyers breathe a sigh of relief.

This article was written by Greg Michalowski at Source