USDCHF Technicals:The USDCHF is extending to new highs and approaching the next key target

The USD/CHF is extending to fresh session highs in early North American trading, approaching the falling 200-hour moving average at 0.79739 — a pivotal technical level. A sustained move above this threshold would reinforce the bullish bias, signaling a potential shift in short-term momentum. For sellers, the area also offers a clearly defined zone to defend, with manageable risk parameters. In essence, this level now serves as a key battleground between buyers and sellers.

Last week’s price action moved in the opposite direction, with the pair trending lower before finding support near the September 18 low. That area acted as a foundation for the current corrective rebound.

On Tuesday, buyers extended their control by reclaiming the 100-hour moving average, now near 0.79345 (blue line on the chart). The slope of that average has started to turn higher, confirming the improving short-term momentum in favor of the bulls.

A decisive break above the 200-hour moving average would shift focus toward the next resistance zone between 0.7986 and 0.7994. Beyond that, the midpoint of the broader range since the August 1 high comes in near 0.7999 (essentially 0.8000) — a psychologically significant level that could draw additional technical interest.