The worth of the USDCHF has adopted the US greenback larger and within the course of has been capable of lengthen above its 61.8% retracement of the transfer down from the October 2023 excessive to the December low. That retracement degree is available in 0.88957. Within the course of, the pair is buying and selling at its highest degree since November 14.
The worth additionally prolonged above the swing highs from 2024 together with the February excessive at 0.8885, and the March 1 excessive at 0.88929. That space all the way down to 0.8885 is now a risk-defining degree within the quick time period for consumers searching for extra upside momentum. Staying above is extra bullish. Transferring under’s extra bearish.