100 hour and trend line
The USDCHF has moved lower in trading today and in the process moved back below the 200 day MA at the 0.9844 level (see green overlay line in the chart below). However, the break and fall has run into another key technical level where the 100 hour MA and the trend line connecting lows gonig back to July 5th cut across at 0.9829 and 0.9825.
Traders are leaning against the low risk level (risk is defined and limited). They will want to see the price rebound back above the 200 day MA at the 0.9844 level before there is a move below the 0.9825 support.
So a battle is on. The lines are drawn in the sand.