USD/CHF moved sharply higher last week following the FOMC rate decision, and the rally carried the pair above several important longer-term technical levels. The source gives no percentage or pip figure for the move. The pair first broke above the late-July high near 0.8205. It then extended above 0.82116, the 38.2% retracement of the decline from the January 2025 high to the January 2026 low. The Federal Reserve's decision was the catalyst for the dollar's advance against the Swiss franc. Price is now caught between key support and the 100-hour moving average, with buyers and sellers contesting control. The source does not give a price level for the 100-hour moving average. For traders, the 0.8205–0.82116 area is the key zone to watch. Holding above the broken late-July high and the 38.2% retracement would keep the post-FOMC breakout intact. A sustained move back below them would weaken the bullish technical case. The 100-hour moving average marks the near-term battleground between buyers and sellers.
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