USDCHF technical update: 100/200-hour MAs define key bias zone | Forexlive

The USDCHF saw two-way price action last week trading as low as 0.8155 – 0.8249. That is not a huge range for a trading week. Ultimately the pair closed between its 100-hour (blue) and 200-hour (green) moving averages near the middle of that range — a technical pivot zone that now serves as a key barometer for market direction. Trading above it is more bullish. Trading below is more bearish

So far today, price action moved higher in early trading but stalled at the 200-hour MA near 0.8221, rejecting the upside and rotating lower. The pair moved down to test support near the bottom of a swing area at 0.8191–0.8210, which has acted as a key floor over the past few weeks (see red number circles).

Going forward:

• Staying below the 100/200-hour MAs keeps the bias tilted to the downside.

• A move above 0.8221 would be needed to shift the technical outlook more bullish, opening the door toward resistance at 0.8257 and 0.8286.

Until then, traders will look to this moving average zone as the key battle area for near-term control.

Key levels:

• Resistance: 0.8221 (200-hour MA), 0.8257 (midpoint of the range since the April low)

• Support: 0.8191–0.8210 (swing area), 0.8155 (low from last week)

• Bias barometer: 100/200-hour MAs (0.8210–0.8221)