100 hour MA broken at 0.9290
The USDCHF has continued its fall through the 100 hour moving average at 0.9290 (see earlier post). The full below that moving average is a first time (on a closing basis) since February 23. The break gives sellers added confidence.
Earlier today, the price fell below two separate trend lines. The most recent trend line break saw a corrective move back toward the underside of the line, where sellers leaned. That gave sellers a go-ahead to push lower.
