USDCHF Technical Analysis – Key Support Under Pressure: Breakdown or Reversal?
As shown in the chart, USDCHF is currently trading at one of its most critical levels in recent years, testing a major historical support zone after reaching multi-year lows.
🔻 If this key support fails to hold, the next potential downside targets are:
0.79210
0.78540
🔹 However, if the pair finds support here and rebounds, the next resistance levels to watch are:
0.80500
0.81780
Should the bullish momentum continue, a major resistance lies around 0.83000.
📌 This zone could be a turning point for USDCHF. Keep a close eye on lower timeframes for confirmation of the next move.
📊 Follow for more real-time updates and price action breakdowns!
As shown in the chart, USDCHF is currently trading at one of its most critical levels in recent years, testing a major historical support zone after reaching multi-year lows.
🔻 If this key support fails to hold, the next potential downside targets are:
0.79210
0.78540
🔹 However, if the pair finds support here and rebounds, the next resistance levels to watch are:
0.80500
0.81780
Should the bullish momentum continue, a major resistance lies around 0.83000.
📌 This zone could be a turning point for USDCHF. Keep a close eye on lower timeframes for confirmation of the next move.
📊 Follow for more real-time updates and price action breakdowns!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.