USD/CHF Collapses to Fresh Decade+ Lows – Oversold?

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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

Penafian

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