The USDCHF bottomed last week within a key swing area between 0.8965 and 0.8974, with the low reaching 0.8971. Since then, the pair has been trending higher, reaching a new corrective high of 0.9051 today. However, weaker-than-expected U.S. housing starts (-9.8%) triggered a pullback, bringing the price down to 0.9024.
On the hourly chart, the price is now approaching the 100-hour moving average (0.9021). Yesterday, the pair tested this level but failed to break higher into the close. During today's Asian session, the price moved above the 100-hour MA and found support. This level now serves as a key short-term barometer for traders.
A sustained move above the 100-hour MA would keep buyers in control, with further upside potential. Conversely, a break below could lead to increased downside momentum, disappointing buyers and shifting control back to the sellers.
Bullet Point Summary:
USDCHF bottomed last week within a swing area between 0.8965 - 0.8974, with a low at 0.8971.Price trended higher, reaching a corrective high of 0.9051 today.Weaker U.S. housing starts (-9.8%) triggered a pullback, bringing the price to 0.9024.100-hour moving average (0.9021) is a key level—price tested it yesterday but stalled.During the Asian session, price moved above the 100-hour MA and held support.Above 100-hour MA → Buyers remain in control with further upside potential.Below 100-hour MA → Sellers take control, increasing downside momentum. This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf continues the bounce off last week s lows 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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