What are the key technical levels for USDCHF as the week ends and look to next week?

It is Friday and although there is time before the close for the current trading week, it’s time to look ahead to next week from a technical perspective.

This week the USDCHF pair fell as dollar selling was more dominant. Technically, the run above the 200-day moving average last week and earlier this week failed. That gave the sellers the go-ahead to push lower. That move to the downside did have a limit however at 0.8727 – a swing area target going back to November December 2023. On the top side, close resistance now comes in at 0.8787 which represents a 50% midpoint of the range since the October 2023 high.

Find out all about in the video above.

This article was written by Greg Michalowski at www.forexlive.com. Source