Watching that old floor which is not a ceiling for the USDCHF | Forexlive
The USDCHF moved higher yesterday, reaching its highest level since April 10 with a peak at 0.8310. However, bullish momentum stalled just 23 pips short of a key resistance area—an old weekly chart floor that now acts as a ceiling. This level has become a critical barometer for short-, medium-, and long-term bias. Staying below it keeps sellers in firm control.
Today, the pair has rotated lower, finding support near a swing area between 0.8230 and 0.82399 (effectively 0.8240), with a session low of 0.8239. Holding above that zone keeps buyers in the game.
In short, there’s a tactical balance: support has held near 0.8240, favoring buyers in the near term, while the key resistance starting at 0.8333 up to 0.8373 continues to cap upside, reinforcing seller control unless broken.
USDCHF technicals
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