The USDCHF continues to trade with a bearish tilt after a series of failed upside attempts near key technical levels. The 100-hour moving average (currently near 0.8284) served as strong resistance earlier this week, capping rallies yesterday most recently, and helping to turn buyers into sellers into the day close.
The recent decline seen today, initially found buyers near the 50% midpoint of the April-to-May range at 0.8257. However, EU tariff news triggered a decisive break below this level, adding downside momentum. The pair did not find support until reaching the next key swing area between 0.8193 and 0.8212—highlighted by past price reaction zones.
With price now below both the 100- and 200-hour moving averages and under key Fibonacci retracement levels, the bears remain in control unless buyers can push the pair back above 0.8257 (50%) and then 0.8284 (100 hour MA).
Overall, howver, the technicals are doing their job.
Key technical levels:
Resistance: 0.8257 (50% retracement), 0.8284 (100-hour MA), 0.8300 (200-hour MA)
Support: 0.8212/0.8193 (swing area), 0.8163, 0.8139
Bias: Bearish below 0.8284, with further downside potential if 0.8193 breaks
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf technicals are doing their job what does that mean watch this video and find out 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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