The USDCHF currency pair maintains a bearish bias, consistent with the prevailing downtrend. Current price action is showing signs of sideways consolidation, suggesting temporary indecision before a potential continuation move.
Key Resistance Level: 0.8265 — This marks a crucial intraday consolidation zone. A failure to break above this level may reinforce bearish sentiment.
Support Targets: If price rallies toward 0.8265 and is rejected:
0.8120 (primary support)
0.8080 (intermediate support)
0.8050 (long-term target)
On the bullish side, a confirmed breakout and daily close above 0.8265 would shift sentiment, potentially initiating a bullish reversal. In that case, watch for:
0.8300 (initial resistance)
0.8360 (extended resistance target)
Conclusion:
USDCHF remains in a bearish structure, with consolidation suggesting a possible continuation to the downside if 0.8265 holds as resistance. A clear breakout and daily close above this level would invalidate the bearish outlook and open the path to higher levels. Traders should monitor price behavior around 0.8265 for directional confirmation.
Key Resistance Level: 0.8265 — This marks a crucial intraday consolidation zone. A failure to break above this level may reinforce bearish sentiment.
Support Targets: If price rallies toward 0.8265 and is rejected:
0.8120 (primary support)
0.8080 (intermediate support)
0.8050 (long-term target)
On the bullish side, a confirmed breakout and daily close above 0.8265 would shift sentiment, potentially initiating a bullish reversal. In that case, watch for:
0.8300 (initial resistance)
0.8360 (extended resistance target)
Conclusion:
USDCHF remains in a bearish structure, with consolidation suggesting a possible continuation to the downside if 0.8265 holds as resistance. A clear breakout and daily close above this level would invalidate the bearish outlook and open the path to higher levels. Traders should monitor price behavior around 0.8265 for directional confirmation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.