USDCHF slumped to test the former support area of 0.9085 on Wednesday before minimizing its losses to close the day around January’s low of 0.9166. The price continued to hang around 0.9166 on Thursday, though with the RSI resuming its negative slope below 50 and the MACD sliding back below its red signal line, selling pressures may dominate in the short term. If the bears retake control, the spotlight will fall again on the 0.9085 bar. Beneath that, the channel’s lower boundary seen at 0.9045 and the 0.9000 psychological level, which intersects the support line from May 2022, will also come into consideration in the ... (full story)