The USDCHF is experiencing choppy two-way price action today as buyers and sellers fight for control. On the topside, the rally stalled inside a key swing zone between 0.8066 and 0.8076. The high reached 0.8071 before rotating lower, reinforcing the importance of that resistance area. A break above it is required to shift momentum and give buyers greater control. Until that happens, sellers remain very much “in play.”
On the downside, focus is on the 100-bar MA on the 4-hour chart and the 61.8% retracement of the October downswing, both clustering near 0.8027. That zone needs to be broken—and held below— for sellers to strengthen their grip and push the bias more decisively lower.
The video above outlines the technical battle lines as the tug-of-war continues.
