The USDCHF continues to consolidate between clearly defined range extremes with resistance near 0.8333 and support at 0.81952. Yesterday’s price action briefly pushed below that lower boundary, reaching a low of 0.8185 during the FOMC-related volatility, but buyers quickly stepped in, rejecting the downside break.
Currently, the pair is rotating around its 100- and 200-hour moving averages, which are clustered mid-range between 0.82395 (100-hour MA) and 0.82484 (200-hour MA). That positioning reflects a neutral, indecisive market bias.
To shift the technical outlook, traders will be watching:
A break above 0.8333 to increase bullish momentum.
A move back below 0.81952 to reignite downside pressure.
The 100 and 200 hour MA midrange (0.82395 to 0.82484) are barometers for more bullish or more bearish.
For now, the pair remains caught in a range as buyers and sellers battle for near-term control.
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 remains within the range and above and below the 100/200 hour MA )
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