USDCHF runs above MA resistance and heads to the next target area | Forexlive

In the weekend forex video – “Three down. Three to go” – I outlined how the USDCHF closed just below the 100 bar MA on the 4-hour chart near 0.9973 and that a move above that MA level would have traders targeting the 50% of the move down from the cycle high this year at 0.9994 followed by the swing area between 1.0020 to 1.00309.

The snapshot of the video looked like this where ther 100 bar MA is the blue line, and the projection higher came up to the swing area with all the arrows defining the area. You can watch the video by clicking here. The USDCHF analysis starts at 15:10.