The USDCHF has risen above its 100-hour moving average of 0.81338. This shift suggests buyers are starting to gain control, keeping the short-term bias more optimistic.
For the momentum to continue, the pair needs to surpass resistance around 0.8146, the highs from earlier sessions. Further targets include the early June high of 0.8155 and the declining 200-hour moving average at 0.81734. Crossing these levels would enhance upward momentum and may lead to a sustained buyer advantage.
Tight Range Depicts Potential Movement
The current range remains tight, providing potential for further movement. Buyers seem to be making advances. Time will tell if they can maintain this momentum.
In essence, what’s happening here is that the USDCHF currency pair has pushed itself back above what’s known as its 100-hour moving average, which stood at 0.81338. When that happens, it normally tells us that buyers are beginning to step in with more consistency, tilting the direction favourably in the shorter term. It’s like a drawn-out tug-of-war shifting ever so slightly—buyers have pulled the rope just past a key point, though only just for now.
That said, pushing beyond this particular average doesn’t immediately open the floodgates. Resistance levels still lie ahead. At 0.8146, there’s a top from earlier sessions that traders have treated like a ceiling—getting definitively above that would show that the momentum is being followed through. Then there’s 0.8155, which is the high seen back at the beginning of June. And not far above that sits the 200-hour moving average at 0.81734, one with a bit more weight because it represents a longer-term trend.
Key Resistance Levels
Each of those levels functions as a test. If the buyers manage to claim each one, it gives more confidence to those already involved and invites others to enter—often leading to stronger movement in the same direction. However, failure to do so could see selling pressure return quickly.
Now, the range we’ve been trading in hasn’t expanded much yet. That’s important. It means that the tug between buyers and sellers has been contained, but there’s room for any move beyond the current barriers to accelerate. With this pair, when we get tight price compression like this, it often acts as fuel for sharper adjustments, especially if volume picks up and there’s participation from bigger positioning.
So what does that mean for action over the next week or two? We need to stay alert to how prices behave just near those known levels. If you see 0.8146 give way on decent activity, that becomes an actionable clue. The next checkpoints—0.8155, then 0.81734—would function in the same way. At each point, watch how price reacts: strong pushes and follow-throughs tell us buyers are willing to stick with the trade. Any hesitation or wick-reversals would hint the opposite.
As always, this isn’t about reaction alone—it’s about preparedness. We ought to anticipate that price movement near these zones could be sharp or erratic, especially if momentum algos are triggered or if US-related data creates broader dollar fluctuations. Being ready to adjust is better than being forced to. Keep the focus narrow, keep the levels marked, and let the levels dictate changes in stance.