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 www.forexlive.com. Source