The USD/CHF – the number of Swiss Francs one US Dollar can buy – is bumping up against several key technical levels on the charts which could point to the start of a reversal back down in line with the long-term downtrend.
The weekly chart shows the price currently butting up against the falling trendline of a descending channel, as well as the key 50-week Simple Moving Average (SMA). It is possible this could mark the inflection point of a reversal where the pair starts moving down again within the falling channel
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