USDCHF technicals
The USDCHF is making a renewed push higher in Wednesday trading after rebounding from the 100-hour moving average (blue line) and holding above it yesterday. Sellers had their opportunity to break the pair lower but failed to sustain momentum, allowing buyers to regain short-term control.
The pair has now moved above the 200-hour moving average (green line at 0.82769) and a key swing area between 0.8268 and 0.8280, but bullish conviction remains in question. The high so far has reached 0.8291. A break above this level should open the door to test further resistance targets:
Failure to hold above the 200-hour MA and the current resistance zone could see the pair rotate back down toward the 100-hour MA at 0.8245 and beyond.
Key levels to watch:
-
Support: 0.8268, 0.8257 (50% midpoint), 0.8245 (100-hour MA)
-
Resistance: 0.8291 (high for the day), 0.8306 (high from Friday), 0.8318–0.8333 (swing area)
-
Bias: Short-term bullish above the 200-hour MA, with momentum needing a break above 0.8306 to extend the upside.
Buyers are trying again—this time with momentum on their side. Will resistance crack?
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.
