Also 38.2% of the move up from last week's lows
The price of USDCHF is trading down toward the break area from yesterday's trading. The 0.93855-92 is home to a number of swing levels going back to Jan 25 and also the 38.2% of the move up from last week's low. That area was broken on Tuesday, but could not muster any momentum. Yesterday, however, the break was met with more momentum. The test of the level AFTER the break, also stalled the fall.
The area should stall the fall on the first look. A break below will look toward the trend line, and below that, the 100 hour MA at 0.9364. The 50% of the move up is also at that MA level, increasing the levels importance on a test.