The USDCHF slipped modestly following the release of U.S. housing data, with the decline pushing the pair back below the 200-hour moving average and a key swing level near 0.81696 (see green line and red-numbered circles on the chart). This area now stands as a key intraday barometer for the pair.
Earlier in the session, the price found buyers near a support zone defined by prior swing highs and lows between 0.8146 and 0.8155. That area remains a key support floor. A break below would likely tilt the bias back to the downside, with the 100-hour moving average (blue line) at 0.81286 emerging as the next key target.
On the topside, a sustained move back above the 0.8169 zone would open the door toward the next resistance levels at 0.8191 and 0.8212, followed by the 38.2% retracement of the May high-to-low move at 0.8216.
With the Federal Reserve's rate decision looming this afternoon, traders will be watching closely to see whether the USD gains enough traction to break above these near-term resistance barriers—or whether sellers once again defend the 0.8169 swing level and reassert control.
Support levels:
0.8146–0.8155: Prior swing lows/highs; holding as intraday floor
0.81286: 100-hour moving average
0.8100: Psychological level and prior low area
Resistance levels:
0.81696: 200-hour MA and key swing level (red circles)
0.8191: Prior swing high
0.8212: Next upside target
0.8216: 38.2% retracement of May high-to-low decline
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about the usdchf trades above and below the 200 hour ma swing level 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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