The USDCHF is higher on the day, but continued to find resistance to sellers against a swing area ceiling between 0.91469 and 0.9156. If the buyers are to take more control, they need to get and stay above that level. Absent that, the 100-day moving average of 0.91278. The 200 hour movie are to 0.9118 and the 100-day moving average on the four hour chart at 0.9108 or downside targets that if broken would increase the bearish bias.
This article was written by Greg Michalowski at www.forexlive.com. Source