The USDCHF pushed higher earlier this week, breaking above the 100-bar MA on the 4-hour chart (blue line) on Tuesday. Aside from Wednesday’s sharp dip on the "Powell will be fired" headlines, which quickly reversed, the pair has held above that MA support - keeping the buyers in play.
On the topside, the price briefly broke above a swing area between 0.80388 and 0.8055 on Wednesday and again Thursday but stalled just below the 200-bar MA (green line), leaving upside momentum capped. That signalled a neutral bias as traders battle between MA levels.
Today, the pair is trading lower and remainsbut remains in neutral territory, caught between the 100-bar MA near 0.7970 and the 200-bar MA near 0.8067. In between lies a key swing area at 0.7986–0.7994, which is now being tested in early U.S. trading.
What’s next?
A break below 0.7986–0.7994 opens the door toward the 100-bar MA at 0.7970, followed by the weekly low near 0.7944.
Support holding here, with buyers leaning against the zone, keeps the short-term focus on the 0.8017 swing high, with a break above targeting the 0.80388–0.8055 swing zone again.
A move outside the broader 100–200 MA range will likely define the next directional push. Traders are waiting for that shove in either direction.
Key technical levels:
Resistance: Swing area between 0.80388 in 0.8055, 0.8067 (200-bar MA), a
Support: 0.7994–0.7986 (swing area), 0.79699 (100-bar MA), 0.7942- 0.7957 (swing area)
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdchf boxed in key swing zone and moving averages define the battle lines 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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