USDCHF tests 200 hour MA. That MA was a key break yesterday.

Price bounced off 100 bar MA on the 4-hour earlier today

The USDCHF is testing its 200 hour MA at 0.94938. The high just reached 0.9493. We currently trade at 0.9487. 

That moving average – along with an upward sloping trend line – was important late yesterday. Both were broken – turning the bias more to the downside. 

The move lower today moved to the 100 bar MA on the 4-hour chart at 0.94612. That MA was tested on 3 consecutive hourly bars. Each stalled against the level and the price grinded back higher.