The USDCHF moved higher yesterday, marking its sixth consecutive daily gain, though the advance was modest—only about a pip or two—closing at 0.8102. The high for the day reached 0.81235, the highest level since August 11.
However, momentum has slowed today, with the price retreating toward a swing area between 0.8071 and 0.8076. The 100-hour moving average, currently near 0.80793, also sits in that zone and will serve as a key short-term barometer for both buyers and sellers.
For traders today, a move below this area could invite further downside probing after the six-day run-up, while holding above it would suggest that buyers remain in control and that the current pullback is merely a correction within a bullish trend. Key level for both buyers and sellers to start the US session.
