USDCHF moves to new lows. Test hourly MAs. Key decision point for buyers and sellers
. The USDCHF is under pressure , falling to new session lows and testing the 200-hour moving average at 0.7948 . The pair has also slipped below the 100-hour moving average at 0.
The USDCHF is under pressure, falling to new session lows and testing the 200-hour moving average at 0.7948. The pair has also slipped below the 100-hour moving average at 0.79568, shifting the near-term bias more in favor of the sellers for now.
Traders now face a critical decision point. A break below the 200-hour MA and the nearby swing level at 0.7942 would open the door for further downside momentum. That could pave the way for a deeper retracement of the recent recovery.
Alternatively, bounce here and move back above the 100 hour moving average of 0.7956 they would take pressure off the downside and give the buyers more hope
Stay alert—buyers need to reclaim the MAs to regain control.
Key levels:
100-hour MA: 0.79568
200-hour MA: 0.7948
Other Support: 0.7942
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