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

March 18, 2025 at 02:29PM

A lot is going on technically in the USDCHF.

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.

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.

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.

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This article was written by Greg Michalowski at www.forexlive.com.

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

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Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

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