The USDCHF surged higher following the Swiss National Bank's rate cut, which had a 64% probability priced in. The Swiss franc weakened, pushing USDCHF upward as the market reacted.
The rally broke above a key cluster of moving averages, including the 100-hour, 200-hour, and 200-day MAs, reaching a high of 0.8845 before pulling back during the U.S. morning and afternoon sessions.
On the downside, the correction found buyers at the 200-day and 200-hour MAs, which converged at 0.88119. These levels now serve as key support going into the new trading day.
Key Levels to Watch:
Bullish Bias Holds: If price remains above 0.88119, the short-term bias stays to the upside.Bearish Shift: A move below 0.88119, followed by a break under the 100-hour MA at 0.88018, would tilt the bias back to the downside.The USDCHF remains in a pivotal zone, with traders watching how price reacts around these moving average levels.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf reaches and bounces of the 200 hour day mas 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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