For the downside bias to shift, buyers need to push the price back above 0.8557—a key resistance level that now serves as a near-term risk-defining level for shorts. A move above would increase bullish momentum and open the door to further upside.
Until 0.8557 is broken to the upside, sellers remain firmly in control. A failure to reclaim that level keeps the risk tilted toward a retest of the 2024 lows within the lower end of the consolidation range.
0.8435–0.8413 (swing support zone from 2024)
Key Resistance Levels:
0.8557 (key barrier to shift near-term bias)
0.8669 (intermediate resistance above the zone)
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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