The USDCHF extended its decline last week, breaking to fresh lows not seen since 2011. In doing so, the pair decisively moved below a major multi-year floor between 0.8333 and 0.8373—a zone that previously marked key lows in 2015, 2023, and 2024. The break triggered accelerated selling pressure, pushing the price to a low of 0.80987, just beneath the psychologically important 0.8100 level.
A corrective bounce on Monday took the pair up to 0.8267, but that rally quickly faded. Price action turned lower again, with the pair closing near session lows around 0.8100. In today’s trade, price action has remained relatively subdued, with a high of 0.81877 during early European trading and a low of 0.8131 seen in both the Asian and European sessions. The pair is currently trading near 0.8178.
From a technical standpoint, sellers remain in firm control while price holds below the falling 100-hour moving average, currently at 0.82637. A break above that level—and sustained strength above it—is needed to give buyers even a modest foothold. Beyond that, buyers would need to reclaim the old support zone between 0.8333 and 0.8373, which now acts as resistance
