USDCHF: With a reversal of almost all of its two-week gains seen the past week, risk of resuming its long term downtrend is now looming. For USDCHF to trigger its trend resumption, a decisive violation of its 2011 low at 0.8325 will have to occur. This will set the stage for further weakness towards the 0.8300 level, representing its psycho level with a turn below this level paving the way for a push further lower towards the 0.8200 level and the 0.8100 level, marking its psycho levels. Its weekly RSI is bearish and pointing lower suggesting further weakness. Alternatively, the pair will have to return above the ... (full story)