USDCHF bouncing off swing level support. 100 day MA remains a key target at 0.7839
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The USDCHF has broken below the 100-day moving average at 0.78393, leading to a decline towards the May 14 swing low at 0.7807, where buying interest emerged. The pair is now testing resistance at 0.78366 and the broken 100-day MA. A sustained move above these levels could shift the bias upward, targeting 0.78547 and 0.7866. Conversely, sellers aim to maintain resistance below these levels to keep the bearish trend intact.
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