Will USDCHF Get Back on a Downtrend?

<p>USDCHF went downhill to print an eight-and-a-half year low of 0.8810 slightly below May’s trough on Tuesday after getting rejected near its 20-day simple moving average (SMA). Another leg down is possible as the RSI and the stochastic oscillator have yet to bottom out in the oversold area. Yet, with the price set to close below [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/509461-will-usdchf-get-back-on-a-downtrend/">Will USDCHF Get Back on a Downtrend?</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>