Forex News Archive

USD/CHF has declined 0.25% to trade at 0.7966, breaking back below the critical 200-hour moving average at 0.79659 after failing to sustain earlier gains. The pair reached a session high of 0.7986, precisely testing the lower boundary of key swing-area resistance between 0.7986-0.7994, before sellers emerged to push prices lower. This marks the second consecutive day that bulls have failed to overcome the 200-hour MA resistance, highlighting its significance as a technical barrier. The rejection at this level suggests growing selling pressure and potential for further downside momentum. Immediate support lies at 0.7950, followed by the 0.7930 zone. Traders should watch for any sustained break below current levels, which could accelerate the decline toward 0.7900. The inability to clear the 200-hour MA resistance indicates bearish sentiment is strengthening, with sellers defending key technical levels effectively.