Review of the USD/CHF Status on June 11, 2025

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Review of the USD/CHF Status on June 11, 2025

 

As indicated in the previous analysis of the USD/CHF currency pair on May 27, 2025, the price had the potential for an upward movement. This scenario ultimately materialized, touching the resistance level of 0.83300.

In long-term intervals, such as the monthly and weekly charts, signs indicating a halt to decline further have formed. The formation of Doji and Inverted Hammer candlestick patterns in the weekly timeframe suggests the price's inability to breach the support band of 0.81600 - 0.81925, thereby complicating conditions for a continued downtrend.
 

However, as the predominant trend remains bearish, a break below this support band would likely intensify downward sentiment in the chart.

In shorter timeframes, such as the daily, due to uncertainty in trade negotiations between the United States and China, traders have acted with caution, causing the price to remain within a ranging channel for the past seven days.
 

Considering the price is in a relatively oversold condition. As long as the aforementioned support band is maintained, the price has the potential to appreciate towards the resistance levels of 0.82450 and subsequently up to 0.83300.
 

Conversely, in a bearish scenario, the initial warning for downward movements would be the breach of the support band and the stabilization of prices below it. In such a case, the price would have the potential to reach the support level of 0.81100, and in a more pronounced move, extend to 0.80600
 

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