Been below that MA since August 29th
The USDCHF was the weakest currency coming into the NY session and it is keeping that distinction through the NY session.
The pair just moved to a new session high at 0.9754 and the last three hours have traded above the 200 day MA at 0.97426. A close above would be more bullish and the first close above since August 28th.
Today’s move was helped by talk that the SNB had intervened earlier in the session. The price moved above the 100 and 200 hour MAs at 0.97025 area, and a trend line at 0.9717.
For now the 200 day MA is a key level. Stay above is more bullish.