FX.co ★ Melsiafy | USD/CHF

The current structure on USDCHF immediately captures my attention, as price is now approaching a strong and well-tested support zone that has repeatedly acted as a reaction area in the past. From my observation, this zone represents a clear point of interest for market participants, especially given the repeated rebounds that occurred from this region. I am watching this area closely because it often defines whether the market is preparing for continuation or rotation. When I analyze the broader price behavior, I notice that USDCHF remains trapped within a well-defined range. The pair has been oscillating between strong resistance above and equally stubborn support below, creating a sideways environment rather than a trending one. This type of structure usually favors reaction-based trading rather than directional conviction, and I believe this is exactly what the market is currently expressing. From my perspective, the repeated failure to break decisively below support suggests that sellers are losing momentum near these levels. At the same time, buyers have not yet shown enough strength to break through resistance, which keeps the market balanced. As long as price remains inside this range, I see the current environment as technically favorable for buyers near support, provided that the zone continues to hold. Looking at the indicators, I observe that RSI is fluctuating around its mid-range levels, which aligns perfectly with the ranging price structure. This tells me that neither side has full control, and momentum remains neutral. MACD further supports this view, as it shows alternating momentum without a strong directional expansion. I interpret this as confirmation that the market is consolidating rather than building energy for an impulsive move. _ Support and Resistance Areas When I focus on the key technical zones, the primary support area that stands out is located between 0.7850 and 0.7900. This green zone has acted as a strong base multiple times, and I consider it a critical demand area as long as price remains above it. Every previous interaction with this zone has resulted in noticeable buying reactions, which reinforces its importance. Below this support, any confirmed break and sustained trading would weaken the current range structure and expose lower levels. However, until that happens, I continue to see this zone as a defensive area for buyers. On the upside, the most important resistance zone is clearly defined between 0.8100 and 0.8150, marked by the red area on the chart. This zone has consistently capped price advances and rejected bullish attempts. I view this resistance as the upper boundary of the current range, and any approach toward it is likely to attract selling pressure unless a clear breakout occurs.

Final Outlook In conclusion, I see USDCHF trading in a well-contained range between strong resistance and equally strong support. My focus remains on how price behaves around the 0.7850–0.7900 support zone. As long as this area holds, I believe buyers maintain a technical advantage within the range, and downside attempts remain corrective rather than impulsive. If price breaks and closes decisively below support, I will reassess the structure and shift my attention toward bearish continuation. Until then, I remain neutral and reaction-focused, preferring to let price confirm direction rather than anticipate it.