The USDCHF continues to trade in a well-defined sideways range, with traders closely monitoring for a breakout in either direction.
On the downside, support is firm at 0.8794–0.87995, marked by a key swing area that has held the recent lows. To the upside, resistance comes in at 0.8838–0.88438, which has capped price advances on three separate occasions (see red numbered circles) .
The consolidation is occurring between the 100-hour moving average (0.88029) the 200-hour moving average (0.8815), and the 200 day MA (at 0.88106) adding technical weight to the range-bound narrative.
A clean break above 0.88438 or below 0.8794—accompanied by momentum—will likely dictate the next directional bias. Until then, range traders are in control, looking to fade the extremes.
Key Technical Levels:
Resistance zone: 0.8838–0.88438
Support zone: 0.8794–0.87995
100-hour MA: 0.88029
200-hour MA: 0.8815
Keep an eye on momentum on any breakout attempt—this pair is coiled and ready to move.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf technical analysis key levels to watch for breakout signals 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.
Read More Details
Finally We wish PressBee provided you with enough information of ( USDCHF Technical Analysis: Key levels to watch for breakout signals )
Also on site :
- Jason and Travis Kelce’s ‘New Heights’ Launches Retail Hub (Exclusive)
- 11 Colorado schools receive threats, several on lockdown
- US Visa Processing Frozen By Trump Administration in 75 Countries