The USDCHF bottomed last week within a key swing area between 0.8965 and 0.8974, with the low reaching 0.8971. Since then, the pair has been trending higher, reaching a new corrective high of 0.9051 today. However, weaker-than-expected U.S. housing starts (-9.8%) triggered a pullback, bringing the price down to 0.9024.

On the hourly chart, the price is now approaching the 100-hour moving average (0.9021). Yesterday, the pair tested this level but failed to break higher into the close. During today's Asian session, the price moved above the 100-hour MA and found support. This level now serves as a key short-term barometer for traders.

A sustained move above the 100-hour MA would keep buyers in control, with further upside potential. Conversely, a break below could lead to increased downside momentum, disappointing buyers and shifting control back to the sellers.

Bullet Point Summary:

• USDCHF bottomed last week within a swing area between 0.8965 - 0.8974, with a low at 0.8971.
• Price trended higher, reaching a corrective high of 0.9051 today.
• Weaker U.S. housing starts (-9.8%) triggered a pullback, bringing the price to 0.9024.
• 100-hour moving average (0.9021) is a key level—price tested it yesterday but stalled.
• During the Asian session, price moved above the 100-hour MA and held support.
• Above 100-hour MA → Buyers remain in control with further upside potential.
• Below 100-hour MA → Sellers take control, increasing downside momentum.