The USDCHF continues to trade under pressure, sitting near the lower end of the consolidation range that defined price action between August and October 2024 (see red box on the chart). The recent low held within that range, and the current price hovers around 0.8510, keeping sellers in control.
For the downside bias to shift, buyers need to push the price back above 0.8557—a key resistance level that now serves as a near-term risk-defining level for shorts. A move above would increase bullish momentum and open the door to further upside.
If bullish momentum does build, focus will shift to the 0.86078–0.8619 zone. This area acted as both support and resistance in the past and turned into a ceiling again after yesterday’s sharp drop.
Until 0.8557 is broken to the upside, sellers remain firmly in control. A failure to reclaim that level keeps the risk tilted toward a retest of the 2024 lows within the lower end of the consolidation range.
Key Support Levels:
0.8435–0.8413 (swing support zone from 2024)
0.83742 (low of the consolidation box from 2024)
Key Resistance Levels:
0.85309 (near-term support; staying below favors sellers)
0.8557 (key barrier to shift near-term bias)
0.86078–0.8619 (major resistance zone; prior floor now acting as ceiling)
0.8669 (intermediate resistance above the zone)
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf remains under pressure near 2024 consolidation 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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