USDCHF runs higher with the dollar surge today.

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.

Tests swing area and 61.8% at 0.8978 to 0.8982

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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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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