The USDCHF is rebounding after earlier declines and back near unchanged. What next?
The USDCHF initially moved lower during Asia-Pacific trading, extending yesterday’s late-session selloff. The decline pushed the pair below a key swing area between 0.7920 and 0.7926, but sellers were unable to reach the next major downside targets — the 200-day moving average at 0.79044 and the 50% retracement level at 0.79014. The low for the session stalled at 0.7911.
A subsequent rebound lifted the pair back above the 0.7920–0.7926 swing zone and briefly toward unchanged levels on the day. However, renewed selling pressure has since pushed the price back into that range, keeping the market at an important technical crossroads.
For short-term traders, the 0.7920–0.7926 area now serves as a key barometer. Holding above the zone would give buyers more control and shift the focus toward the 100-hour moving average at 0.7946 and the 200-hour moving average at 0.7958. Conversely, a sustained move back below the range would strengthen the bearish case and put the spotlight once again on the 200-day moving average at 0.79044, followed by the 50% midpoint at 0.79014. Those remain the next major downside targets if sellers regain more momentum.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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