Tests swing area and 61.8% at 0.8978 to 0.8982
The USDCHF is also racing higher after the much better retail sales and PPI data this morning. The price has moved up to the 61.8% retracement of the move down from the February 5 high. That comes in at 0.89783. There is also a swing area going back to February 3 through February 9 that is around the 0.8982 level.
A break above would have traders looking toward another key technical level. The 100 day moving average early comes in at 0.89939.
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