USD/CHF Weakness Pushes RSI Back Towards Oversold Territory
USD/CHF trades to a fresh weekly low (0.8691) amid the reaction to the Federal Reserve interest rate decision.
USD/CHF Rate Outlook
USD/CHF may continue to give back the advance from the monthly low (0.8667) as it extends the series of lower highs and lows from earlier this week, with a break/close below 0.8590 (78.6% Fibonacci extension) raising the scope for a test of the July low (0.8553).
A move below 30 in the Relative Strength Index (RSI) may accompany a further decline in USD/CHF like the price action from late-November, with the next area of interest coming in around 0.8350 (100% Fibonacci extension).
However, the RSI may hold above oversold territory if USD/CHF defends the monthly low (0.8667), with a move above the 0.8760 (23.6% Fibonacci retracement) to 0.8770 (61.8% Fibonacci extension) region bringing the monthly high (0.8821) on the radar.
USD/CHF Rate Outlook
USD/CHF may continue to give back the advance from the monthly low (0.8667) as it extends the series of lower highs and lows from earlier this week, with a break/close below 0.8590 (78.6% Fibonacci extension) raising the scope for a test of the July low (0.8553).
A move below 30 in the Relative Strength Index (RSI) may accompany a further decline in USD/CHF like the price action from late-November, with the next area of interest coming in around 0.8350 (100% Fibonacci extension).
However, the RSI may hold above oversold territory if USD/CHF defends the monthly low (0.8667), with a move above the 0.8760 (23.6% Fibonacci retracement) to 0.8770 (61.8% Fibonacci extension) region bringing the monthly high (0.8821) on the radar.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.