The USD/CHF has moved lower, breaking below the 38.2% retracement of the December low-to-high move at 0.90209, which now acts as key resistance. Staying below this level reinforces the bearish bias, while a return above could frustrate sellers.
Following the break, the price targeted the 50% retracement at 0.89655, finding initial buyers there during the early U.S. session. This level aligns with a swing area extending up to 0.89745, creating a critical support zone.
A break below 0.89655 would heighten bearish sentiment, while holding above keeps the focus on the battle between the 38.2% resistance at 0.90209 and the 50% support at 0.89655.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf breaks lower and extends below the 38 2 retracement that is now key resistance 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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