On the topside, the price briefly broke above a swing area between 0.80388 and 0.8055 on Wednesday and again Thursday but stalled just below the 200-bar MA (green line), leaving upside momentum capped. That signalled a neutral bias as traders battle between MA levels.
What’s next?
Support holding here, with buyers leaning against the zone, keeps the short-term focus on the 0.8017 swing high, with a break above targeting the 0.80388–0.8055 swing zone again.
Key technical levels:
Support: 0.7994–0.7986 (swing area), 0.79699 (100-bar MA), 0.7942- 0.7957 (swing area)
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf boxed in key swing zone and moving averages define the battle lines 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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