USDCHF buyers try to take more control. 100 hour MA and 38.2% the next key targets.

<p>The USDCHF has moved higher in trading today and in the process technicals have improved:</p><ul><li>The low yesterday held against it to her poor moving average on 4-hour chart (currently at 0.8608)</li><li>Today, the price low stalled against a rising trend line</li><li>The price is currently above it to 200-hour moving average at 0.86492</li></ul><p>What needs to be done, however, is to get above it 100-day moving average at 0.8672, and also the 38.2% retracement of the move down from the October 2023 hi. That little comes in at 0.8680.</p><p>Get above both those levels and the bias increases more to the upside it in favor of the buyers.</p><p>Find out all these details in the video above.</p>

This article was written by Greg Michalowski at www.forexlive.com.