It was another bearish week for USDCHF, with the price fully retracing its July-September upleg to reach July’s eight-year low of 0.8551. There is potential for an upside reversal around the 2023 floor of 0.8550. However, the RSI and the stochastics have yet to bottom out in the oversold region, suggesting the sellers might stay in play for a bit longer. The 0.8450 region, where the broken descending trendline from March 2023 is positioned, could generate fresh buying ahead of the important January 2015 support area of 0.8365. If the latter proves fragile, the sell-off could pick up steam to meet the 2015 low of ... (full story)