USDCHF Technicals: The USDCHF is sharply lower on USD selling. What has the technicals been telling traders?
The USDCHF is down around 0.87% on the day as sellers follow the broader US dollar lower after Fed Governor Christopher Waller’s more dovish comments. The video above provides education and technical knowledge about the price action seen in the pair both yesterday and today as the price tumbled. Technically, the move has taken the price below its 100 hour moving average near 0.8100 and its 200 hour moving average near 0.8070.Those breaks put the sellers in control.
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