The USDCHF is trading in a narrow range today (only 33 pips). However, the customers will still be in control after the suspension of the support on Monday and the gain over the last few days.
The price had moved back to a swing zone on the daily chart between 0.9112 and 0.9156. That area needs to be broken in the future to increase the bullish bias. A break above would target the 50% range from the 2022 high at 0.92395. That level also corresponds to highs from 2023 and 2024. Main target on the upside right now.
On the downside, the 100-hour MA and 200-hour MA at 0.9084 and 0.90695 would need to break – and stay broken – to give the sellers control – at least in the short term. Without that, and the customers still have strong control. today stands at 0.908 €.
