The 100 hour MA (and trend line not far away) proved to be a strong resistance level
The USDCHF moved up to the 100 hour MA yesterday not just once, but twice. Then today, the same moving average was tested in the Asian session. Three tests. No breaks. HMMMM. What does that say to you? ()
If resistance cannot be broken, the price goes lower. USDCHF trades near lows.
