The U.S. dollar continues to slide against the Swiss franc, with USD/CHF falling below 0.8100 and hitting its lowest level since 2015. The technical picture remains heavily bearish:
📉 Price is well below the 50- and 200-day SMAs
⚠️ RSI is deeply oversold at 26.21, but showing no bullish divergence yet
📉 MACD is accelerating to the downside, confirming downside momentum
🔻 Support at 0.8400 was shattered and may now act as resistance
While a short-term bounce could emerge due to oversold conditions, the downtrend remains firmly intact. A close below 0.8075 opens the door to a potential test of the psychological 0.8000 handle.
-MW
📉 Price is well below the 50- and 200-day SMAs
⚠️ RSI is deeply oversold at 26.21, but showing no bullish divergence yet
📉 MACD is accelerating to the downside, confirming downside momentum
🔻 Support at 0.8400 was shattered and may now act as resistance
While a short-term bounce could emerge due to oversold conditions, the downtrend remains firmly intact. A close below 0.8075 opens the door to a potential test of the psychological 0.8000 handle.
-MW
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.