USDCHF consolidates between key moving averages after rebound stalls near retracement ...Middle East

The USDCHF is trading in a neutral zone, caught between the 100-hour moving average at 0.8271 and the 200-hour moving average at 0.82105.

After a sharp decline earlier in April, the pair found repeated support in the 0.8097–0.8128 region, ultimately forming a base after they failed break to April lows at 0.80389. That led to start of a rebound higher.

That rally stalled last Friday, with the price topping out at 0.8333—just below the 38.2% retracement of the March–April decline at 0.83505. A sustained move above this retracement is needed to shift the short-term bias back toward buyers. Until that occurs, the upside remains limited.

Yesterday’s price action saw a dip back below the 100-hour MA toward the 200-hour MA, but attempts to break lower lacked momentum. The pair has since settled into a narrow range between the two moving averages, with current price trading near 0.8227.

Traders will be watching for a decisive break from this consolidation zone. A move below the 200-hour MA would target support near 0.8097–0.8128, while a move back above the 100-hour MA would shift focus to the highs at 0.8318 and 0.8333, followed by the 38.2% retracement at 0.83505.

Hence then, the article about usdchf consolidates between key moving averages after rebound stalls near retracement was published today ( Tuesday 29/04/2025 - 04:55 PM ) 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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