The USDCHF continues to trade under pressure, sitting near the lower end of the consolidation range that defined price action between August and October 2024 (see red box on the chart). The recent low held within that range, and the current price hovers around 0.8510, keeping sellers in control.
For the downside bias to shift, buyers need to push the price back above 0.8557—a key resistance level that now serves as a near-term risk-defining level for shorts. A move above would increase bullish momentum and open the door to further upside.
If bullish momentum does build, focus will shift to the 0.86078–0.8619 zone. This area acted as both support and resistance in the past and turned into a ceiling again after yesterday’s sharp drop.
Until 0.8557 is broken to the upside, sellers remain firmly in control
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