Bullish momentum builds as the pair challenges the 200-day SMA
The post Bullish momentum builds as the pair challenges the 200-day SMA appeared on BitcoinEthereumNews.com.
USD/CHF extends gains on Thursday as broad-based US Dollar (USD) strength persists amid rising Middle East tensions, while the Swiss Franc (CHF) struggles to gain traction as traders remain cautious about potential intervention from the Swiss National Bank to curb excessive currency appreciation. At the time of writing, USD/CHF is trading around 0.7941, remaining on the front foot for a third consecutive day. From a technical perspective, USD/CHF maintains a constructive tone after rebounding from the March 2 low near 0.7674, with price breaking above multi-week resistance around 0.7800, which closely aligns with the 50-day Simple Moving Average (SMA) at 0.7794. The move signals improving short-term momentum and a shift in near-term market structure. The pair has also cleared the 100-day SMA at 0.7890, reinforcing the bullish bias, and is now testing the 200-day SMA at 0.7946, a key resistance zone that could determine the next directional move. A sustained break above this level may open the door toward the 0.8000 psychological level, followed by the 0.8050 region. The Relative Strength Index (RSI) at 62 moves above the midline and signals firming upside momentum, while the Moving Average Convergence Divergence (MACD) line holds above the signal line in positive territory with a modest histogram, which reinforces a measured bullish tone rather than a strong trend. On the downside, initial support is seen at the 100-day SMA, followed by the breakout zone near 0.7800. As long as price holds above these levels, the near-term bullish bias remains intact, while a break below could signal a resumption of the prevailing downtrend. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.22% 0.22% 0.14%…
Filed under: News - @ March 26, 2026 5:25 pm