USDCHF sellers took the pair lower earlier in the day, but the price has snapped back higher

USDCHF traders saw repeated swings as selling pressure failed to hold, despite attempts to push the pair lower earlier in the day. The price tested Monday’s low but did not reach the 38.2% retracement and swing area near 0.8007 to 0.80178. Buyers and sellers alternated control: an earlier breakout above a topside trend line failed quickly, while sellers later drove USDCHF below the converged 100- and 200-hour moving averages but without follow-through. In the Asian session, sellers extended downside to about 0.8030, nearing the 38.2% retracement around 0.8007 and support at roughly 0.8018. Momentum then faded and buyers reversed the move, reclaiming both moving averages near 0.8067 and pushing to a session high around 0.8082. The near-term bias shifted upward, with upside targets near 0.8094, then 0.81069, 0.8121 and 0.81389.