USDCHF Super Reversal

٧ يناير ٢٠٢٤

In the weekly timeframe, USDCHF has recently touched the previous low at approximately 0.8370, coinciding with the lower boundary of a long-term channel. This convergence suggests a significant point for a potential reversal in this currency pair. The proximity to both the historical support level and the channel's lower band indicates a crucial juncture that may lead to a notable shift in the direction of USDCHF.