The USDCHF pair encountered support at its 100-bar moving average on the four-hour chart on both Tuesday and today. This moving average is expected to play a crucial role in determining downside movements in the future. On the upside, the pair reached new weekly highs on Wednesday and Thursday, albeit with marginal increases. This has created a swing area ceiling between 0.91469 and 0.91558. To maintain a bullish outlook, the pair must break above these levels. The 100 and 200-hour moving averages, located between 0.9117 and 0.9126, currently provide short-term technical support for the pair. Remaining above these levels will further strengthen the bullish bias.
USDCHF Technical Analysis: 100-Hour Moving Average Provides Support and Resistance
