Buyers and sellers are battling between the MAs in the USDCHF ...Middle East

Following the weaker-than-expected U.S. jobs data, the pair dropped sharply, breaking below the 100-hour moving average (blue line) and falling into a support zone between 0.8017 and 0.8023. Buyers leaned against this area, helping to lift the pair into the close.

Traders leaning against the two key moving averages—the 100-hour and 200-hour—have found that strategy effective recently. As noted in earlier posts, these levels continue to offer valuable trading cues.

In short, the market appears to be "buying time" before the next directional break.

Buyers may look to enter near the 200-hour moving average, with a focus on a potential break above the 100-hour for confirmation.

These technical levels remain key short-term barometers for market sentiment and should continue to guide intraday positioning.

This article was written by Greg Michalowski at investinglive.com.

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