The USDCHF has moved above its 100-hour moving average at 0.81338, after repeatedly testing and holding below that level late yesterday and earlier today. The break above marks a short-term win for the buyers, signaling that they are beginning to reclaim some control. Holding above this level keeps the near-term bias tilted to the upside.
To strengthen the bullish case further, the pair would need to break above resistance near 0.8146—the highs from both yesterday and Friday. Beyond that, the next key upside targets include the early June high at 0.8155 and the falling 200-hour moving average at 0.81734. A move above these levels would significantly increase bullish momentum and confirm a more sustained shift in favor of buyers.
The range is still narrow. There is room to roam. The buyers are making a play. Can they keep the momentum going?
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 extends above 100 hour MA. Buyers making a short term play )
Also on site :
- Barbra Streisand Reveals Jaw-Dropping Details of Scandalous Proposal from Hollywood Icon!
- In Q1 2025, enterprise SaaS M&A deal count hit 210, according to PitchBook
- ‘Like the world has forgotten us:’ As Iran-Israel conflict escalates, Gazans fear their suffering will become invisible