USDCHF rallies towards key resistance swing area.
The USD/CHF continues its upward momentum in the U.S. session, reaching a key swing area between 0.9128 and 0.91368. A decisive break above this level could open the door for a move toward the 2025 highs, with resistance near 0.9200, a level tested in both January (0.9200) and early February (0.91965).This swing area serves as a bias-defining level for traders today. Earlier, the price found support within another swing area between 0.9108 and 0.91155. If sellers regain control and push the price back below 0.9128, this lower zone could be retested. Conversely, a sustained move higher would shift focus to 0.9152, followed by the 0.9200 highs from earlier in the year. This article was written by Greg Michalowski at www.forexlive.com.
The USD/CHF continues its upward momentum in the U.S. session, reaching a key swing area between 0.9128 and 0.91368. A decisive break above this level could open the door for a move toward the 2025 highs, with resistance near 0.9200, a level tested in both January (0.9200) and early February (0.91965).
This swing area serves as a bias-defining level for traders today. Earlier, the price found support within another swing area between 0.9108 and 0.91155. If sellers regain control and push the price back below 0.9128, this lower zone could be retested. Conversely, a sustained move higher would shift focus to 0.9152, followed by the 0.9200 highs from earlier in the year. This article was written by Greg Michalowski at www.forexlive.com.
