The pair above 100 hour MA but bangs against 100 day MA
The USDCHF has move to new highs after the better than expected durable goods orders, and the price moved above the 100 hour MA in the process (blue line in the chart below). That level comes in at 0.9460 currently. The 38.2% of the move down from the August 18 high comes in at 0.9462 currently.
However, on the topside, the next target to get and stay above is the 100 day MA (blue line in the chart below). That level comes in at the 0.94757 today.
The buyers are in control, but those buyers would love to see the price move and stay above the 100 day MA.