The USDCHF continues to trade in a well-defined sideways range, with traders closely monitoring for a breakout in either direction.
On the downside, support is firm at 0.8794–0.87995, marked by a key swing area that has held the recent lows. To the upside, resistance comes in at 0.8838–0.88438, which has capped price advances on three separate occasions (see red numbered circles) .
The consolidation is occurring between the 100-hour moving average (0.88029) the 200-hour moving average (0.8815), and the 200 day MA (at 0.88106) adding technical weight to the range-bound narrative.
A clean break above 0.88438 or below 0.8794—accompanied by momentum—will likely dictate the next directional bias. Until then, range traders are in control, looking to fade the extremes.
Key Technical Levels:
Resistance zone: 0.8838–0.88438
Support zone: 0.8794–0.87995
100-hour MA: 0.88029
200-hour MA: 0.8815
Keep an eye on momentum on any breakout attempt—this pair is coiled and ready to move.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( USDCHF Technical Analysis: Key levels to watch for breakout signals )
Also on site :
- Born on One of These 4 Dates? You're a Wise, Old Soul
- Tony-Nominated Actress, 23, Makes Bold Declaration About Taylor Swift
- Blake Lively Wins Legal Battle Against Justin Baldoni