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P8fx

USDCHF Critical AreaUSDCHF: If you look at the weekly, and go back a few years, it's evident that when RSI is close to being overbought, it drops, dramatically! I have circled these points. The key here is to wait until the day/week closes to see where we stand. Very rarely in the past few years has it broke from this region, so this remains a strong resistance. You can break it down as you go into the lower timeframes, but this is big picture. If this was helpful, hit the like button.
by p8fx

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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