USDCHF moves back above 100 hour MA after move below
The USDCHF has moved back above it's 100 hour MA after moving below on the explosion in NYC. The impact seems to have been minimal and isolated. As a result the flight into the safety of the currency seems to have run it''s course.
The 100 hour MA is at 0.9909. The low extended to 0.9898. The price has moved back to 0.9915 at the moment.
The JPY also had a small flight to safety bid (USDJPY moved lower). The fall took the price to the broken 61.8% of the move down from the November high at 113.24. The price is back trading at 113.39 at the moment.
The ability to climb back above the 100 hour MA for the USDCHF and to hold the 61.8 in the USDJPY is a bit more constructive from the bullish side. However, both pairs are still down on the day.
The USDCHF closed at 0.9919. The USDJPY closed at 113.44. A move above each will be eyed from a technical perspective (gives a little more bullish bias).