The USDCHF is also moving lower and looks to approach its 200 day moving average of 0.9181 on the way down over the last hour, the price has cracked below its 100 hour moving average of 0.9224, it’s 200 hour moving average of 0.92122, and its 100 day moving average of 0.92071.
The AUDUSD after gapping lower and below its 100/200 hour moving averages in Asian session, the price has since bounced off swing area support and back above the 200/100 hour moving averages. The price is trading at a new session high and looks to test its 100 day moving average of 0.72365. Recall from Friday’s trade that moving average line stalled the rally on two separate occasions before closing off the level. A move above the 100 day moving average would be more bullish from a technical perspective.