The USDCHF has been choppy over the past four trading days, bouncing between support and resistance levels since bottoming near 0.8100 先週の金曜日. The pair climbed to a high of 0.82678, then dipped to a higher low at 0.8118, before rebounding again yesterday to a session high near 0.82389.

As price consolidates, the 100-時間移動平均 (blue line) has gradually moved lower and is now acting as dynamic resistance. Yesterday’s rally stalled just below the moving average, and in early European trading today, the pair dipped to a session low of 0.8128 before rebounding once again—only to find sellers stepping in just ahead of that same falling average. The 100-hour MA currently sits at 0.81897.

100 時間移動平均を上回る持続的なブレークは、追加のハードルが残っているが、短期的なバイアスを買い手に有利にシフトさせるでしょう。

ターゲットは以下の通り。

• 昨日の高さ near 0.8239

• 月曜日の高さ at 0.8269

• The 38.2% リトレース of the April 7 decline, which comes in at 0.83161

For now, the sellers retain control below the 100-hour MA. Targets on the downside include the low price from yestarday and today near 0.81288. Below that and the low from last week - and the lowest level since September 2011 - would be eyed at 0.80897.

Looking at the daily chart, the pair fell below a key floor area between 0.8333 and 0.8373. Ultimately, if the price is to move higher, getting above that old floor is a necessity from a technical perspective.