USDCHF traded up to a new 2024 high and in doing so moved above a swing zone high near 0.9146. The momentum faded and the price moved back down.
That said, the decline was modest. The price remains in an oscillating zone between 0.9112 and 0.9146. In this. This is a trendline on the hourly chart near 0.9123 and a corrective low at 0.9120. The rising 100-day moving average stands at 0.9101 and would be another target to reach – and breach – if the seller wants to take more control.
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