USD/CHF sellers dominate as pair holds below 200-hour MA at 0.7920

USD/CHF continues to face selling pressure, trading below the crucial 200-hour moving average at 0.7920, which has become a key resistance level keeping bears in control. The pair attempted to break lower during Asian trading, testing the swing area support zone between 0.79104-0.79209, where buyers emerged to defend the level. This technical battleground has seen multiple tests, with sellers maintaining the upper hand as long as price remains below the 200-hour MA. The pair's inability to reclaim this moving average signals persistent dollar weakness against the Swiss franc, likely influenced by safe-haven flows amid broader market uncertainty. Traders are closely monitoring whether support at 0.79104 holds; a break below could accelerate losses toward 0.7900 psychological support. Conversely, a sustained break above the 200-hour MA at 0.7920 would shift near-term momentum back to buyers, potentially targeting resistance at 0.7940-0.7950.