USDCHF Technicals The USDCHF runs lower on flight into safety of CHF | investingLive

The USDCHF has slid to new lows for both the day and the week, with selling momentum accelerating after the Asian session high at 0.8092 failed to extend beyond last Thursday’s peak. That rejection triggered a downside run through the 200-hour MA (0.80724) and 100-hour MA (0.80678), shifting momentum firmly in favor of sellers.

In recent hours, the pair has also broken below the five-day floor between 0.80438 and 0.80467, as well as the 50% midpoint of the July 23 decline at 0.80405. The price currently trades at 0.80387, reinforcing a bearish near-term bias.

For risk management, the immediate pivot is 0.80467 (yesterday’s low). A rebound back above that level would mark a failed breakdown, likely frustrating sellers and prompting a shift toward a more neutral-to-bullish bias in the short term.

Although the stocks are lower,, they are of their lowest levels.

• The NASDAQ index is back up retesting its 200-hour moving average at 21129.67. The current price is trading at 21092.53 after reaching a high in this hourly bar at 21111.24. The price would need to get back above the 200 hour moving average in order to disappoint the sellers. Alternatively staying below that level could give the sellers more ammunition for another run to the downside. (See earlier post)
• The S&P index is also rebounding, and back retesting its 100 hour moving average at 6382.92. The current price is trading at 6381.93. Like the NASDAQ index, the price needs to get and stay above the 100 hour moving average to disappoint the sellers.