USD/CHF Rebounds but 0.8200 Still Key for Bulls
USD/CHF recovered from an intraday low of 0.8072 to trade near 0.8112 on Monday, with 0.8200 seen as the key level for bullish momentum.
USDCHF
USD/CHF regained ground on Monday as the US dollar recovered from early losses. The pair was trading around 0.8112 after touching an intraday low of 0.8072.
The move puts the 0.8200 level in focus. A break above that area is needed for bulls to regain momentum.
Key levels:
- 0.8072: intraday low
- 0.8112: price at time of writing
- 0.8200: upside hurdle
The recovery remains below the key resistance, so the near-term picture is still constrained until 0.8200 is cleared.
Source: FXStreet Forex News