USDCHF fell below the 200-bar moving average on the 4-hour chart near 0.9070 and fell to the April slope and a low swing zone near 0.8997 and 0.9005. Buyers ran into this level and have since pushed the price towards the aforementioned 200-bar moving average.
If sellers want to maintain control, they will need to stay below the 0.9070 to 0.9077 zone. As price moves back towards this level, expect sellers to press against the level with stops when price returns above the zone.
USDCHF sets technical levels
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