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USDCHF continues its up and down (or down and up) trading today. The technical levels are clearly defined
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The USDCHF has spent the last two sessions trading in both directions, but the technical picture remains largely unchanged.
Today, sellers initially took control during the Asian session, pushing the price below the 100-hour moving average.
The rebound carried the pair right back to 0.82045, matching yesterday's high before easing modestly.
Buyers are trying to break above the long-term swing high zone, while sellers continue to defend it.
On the downside, a break below 0.8170 would shift the focus back toward the rising 200-hour moving average, currently at 0.81414.