{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdchf-resumes-upside-momentum\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdchf-resumes-upside-momentum\/","headline":"USDCHF Resumes Upside Momentum","name":"USDCHF Resumes Upside Momentum","description":"USDCHF Analysis – Price Breaks Above 0.88180 Resistance Level USDCHF resumes upside momentum. After spending the last few days in a sideways consolidation phase, the USDCHF exchange rate has resumed its upward move. On the daily chart, bulls breached the key 0.88180 resistance level on the back of renewed buying interest.\u00a0 USDCHF Price Zones Resistance […]","datePublished":"2024-03-18","dateModified":"2024-03-18","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/03\/hJsZYZfp-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/03\/hJsZYZfp-1.png","height":577,"width":1195},"url":"https:\/\/forexschoolonline.com\/usdchf-resumes-upside-momentum\/","about":["charts","Forex","Forex Strategies","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis","Trade Idea","Trading","USD\/CHF"],"wordCount":268,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis","USD\/CHF","usdchf"],"articleBody":"USDCHF Analysis – Price Breaks Above 0.88180 Resistance LevelUSDCHF resumes upside momentum. After spending the last few days in a sideways consolidation phase, the USDCHF exchange rate has resumed its upward move. On the daily chart, bulls breached the key 0.88180 resistance level on the back of renewed buying interest.\u00a0USDCHF Price ZonesResistance Zones: 0.88990, 0.88180\u00a0Support Zones: 0.85490, 0.83510The price action over the past month highlights the bull’s consistent presence after securing support near 0.83510 levels in January. While sellers attempted a pullback in late January, buyers defended the 0.85490 area and steered the pair northwards.\u00a0As per technical indicators, the stochastic oscillator has started advancing into overbought territory, underscoring the underlying bullish tone. If buyers continue to defend the 0.88180 breakout point on declines, it could ignite stronger gains toward the crucial 0.88990 resistance level.\u00a0\u00a0From a longer-term perspective, USDCHF remains in an intermediate uptrend. Unless we see a daily close back below 0.88180, odds remain tilted in favor of bulls testing the 0.88990 handle. Beyond that, 0.89200-0.89300 may emerge as the next resistance area. On the downside, support is seen at the 0.87850 level initially. A firm break below it will signal weakness and expose the pair to deeper pullback risk.Market Expectation\u00a0With key short-term stochastics now aligned in a bullish configuration, odds appear stacked in favor of USDCHF. They are likely to extend gains towards 0.88990 and possibly challenge 0.89200 higher up. However, failure to defend 0.88180 on pullbacks could attract some profit booking.Note:\u00a0Forexschoolonline.com\u00a0is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results"}