USD/CHF Eyes Major Breakout Amid Downtrend and Support Retest
USDCHF is at a critical juncture, where the price must either confirm a bullish reversal by breaking key resistance or continue its bearish trajectory. The price has recently rebounded off a critical support level near 0.8400, a historical demand zone. This suggests that buyers are defending this level strongly. RSI is trending upward from oversold territory but is still below 60, suggesting mild bullish momentum within the broader bearish structure. That shows a possible retracement not reversal. Look for a short around 0.90000 level, if breakout is confirmed, then the long is confirmed.
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