The USDCHF pushed higher earlier this week, breaking above the 100-bar MA on the 4-hour chart (blue line) on Tuesday. Aside from Wednesday’s sharp dip on the “Powell will be fired” headlines, which quickly reversed, the pair has held above that MA support – keeping the buyers in play.
On the topside, the price briefly broke above a swing area between 0.80388 and 0.8055 on Wednesday and again Thursday but stalled just below the 200-bar MA (green line), leaving upside momentum capped. That signalled a neutral bias as traders battle between MA levels.
Today, the pair is trading lower and remainsbut remains in neutral territory, caught between the 100-bar MA near 0.7970 and the 200-bar MA near 0.8067. In between lies a key swing area at 0.7986–0.7994, which is now being tested in early U.S. trading.
What’s next?
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A break below 0.7986–0.7994 opens the door toward the 100-bar MA at 0.7970, followed by the weekly low near 0.7944.
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Support holding here, with buyers leaning against the zone, keeps the short-term focus on the 0.8017 swing high, with a break above targeting the 0.80388–0.8055 swing zone again.
A move outside the broader 100–200 MA range will likely define the next directional push. Traders are waiting for that shove in either direction.
Key technical levels:
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Resistance: Swing area between 0.80388 in 0.8055, 0.8067 (200-bar MA), a
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Support: 0.7994–0.7986 (swing area), 0.79699 (100-bar MA), 0.7942- 0.7957 (swing area)
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