USDCHF price declined in last intraday trading due to stability of critical resistance level at 0.7985
Break of bullish correctional trend line on short-term basis and surpassing support of EMA50 puts USDCHF under intensive negative pressure
Negative signals on RSI, despite reaching oversold levels, indicate further downward movement
The (USDCHF) price declined in its last intraday trading, due to the stability of the critical resistance level at 0.7985, to break a bullish correctional trend line on the short-term basis, accompanied by surpassing the support of its EMA50, which puts it under intensive negative pressure, especially with the emergence of the negative signals on the (RSI), despite reaching oversold levels.
