The USDCHF continues its upward push that began at the start of the week, with Monday marking the low. The move extended yesterday and carried into today as price returned to a key technical cluster defined by the 200-bar MA on the 4-hour chart at 0.7994, the 50% midpoint of the November range at 0.8000, and the 100-bar MA on the 4-hour chart at 0.80127. Earlier today, the rally initially stalled at the top of that cluster, but after a modest pullback, buyers held firm, built a base, and successfully pushed back above the 0.80127 100-bar MA. That break opened the door for a run toward the next target: the 61.8% retracement and the swing low from two weeks ago near 0.8030.A move above 0.8030 would strengthen bullish momentum and expose the next upside zone—a swing area between 0.80666 and 0.8076. Bigger picture for the pair shows that since mid-August, the USDCHF has spent most of its time contained between 0.8076 on the top end and 0.78714 on the bottom end. That lower extreme was tested and held on Friday, drawing in fresh buyers. With the pair now trading above the dense cluster of resistance-turned-support, the bias has shifted more convincingly to the upside. The question now: can momentum continue toward the upper boundary of the multi-month swing area from late August? This article was written by Greg Michalowski at investinglive.com.