USDCHF rebounds off multi-decade lows as failed breakdown triggers some short-covering ...Middle East

That failure proved crucial. When today’s low successfully held at the April trough (0.80388), it attracted bargain hunters and profit-takers, turning sellers into buyers. The bounce accelerated as the price moved back above the June 13 low at 0.8054, which now serves as close support. The rebound has shifted short-term momentum to the upside, but staying above the old June low would certainly give the buyers more confidence - as would reaching and surpassing upside targets.

Key technical levels:

Resistance: 0.8088, 0.8130 (100-hour MA), 0.81377 (200-hour MA)

The technical bounce off a historically significant low and the failure to extend below 2011 levels give buyers a tactical edge—at least for now.

This article was written by Greg Michalowski at www.forexlive.com.

Hence then, the article about usdchf rebounds off multi decade lows as failed breakdown triggers some short covering was published today ( Wednesday 25/06/2025 - 04:25 PM ) 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.

Read More Details
Finally We wish PressBee provided you with enough information of ( USDCHF rebounds off multi-decade lows as failed breakdown triggers some short-covering )

Also on site :

• Baltimore officer, suspect shot in 'active shooter incident'
• 10 Essential Episodes of ‘The Orville’
• Bam Adebayo has massive night for Miami Heat, scoring 2nd-most points in a game ever