On the downside, support is firm at 0.8794–0.87995, marked by a key swing area that has held the recent lows. To the upside, resistance comes in at 0.8838–0.88438, which has capped price advances on three separate occasions (see red numbered circles) .
A clean break above 0.88438 or below 0.8794—accompanied by momentum—will likely dictate the next directional bias. Until then, range traders are in control, looking to fade the extremes.
Resistance zone: 0.8838–0.88438
100-hour MA: 0.88029
Keep an eye on momentum on any breakout attempt—this pair is coiled and ready to move.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf technical analysis key levels to watch for breakout signals was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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