A lot is going on technically in the USDCHF. I will talk about it in this video.

A lot is going on technically in the USDCHF.

1. The corrective high reached at the end of last week stalled against the 38.2% retracement of the move down from the March 3 high to the March low. That level came in at 0.88637. Staying below that 38.2% retracement The sellers more control.
2. The price yesterday move back below its 200 day moving average of 0.88138. In trading today, the price corrected up toward that moving average but found willing sellers. That kept the sellers more in control.
3. The 50% midpoint of the move up from September 2024 low to the January 2025 high came in at 0.87575. That level has so far held support. If broken, it would increase the bearish bias.

In the short video above, I go through these technicals and explain their importance.