USD/CHF extends its weekly retracement, sliding toward the 0.8230 support level as selling pressure continues to weigh on the pair following its recent climb to May 2025 highs.
The USD/CHF pair is experiencing sustained downward momentum as the US Dollar faces persistent selling pressure. This decline marks the second consecutive day of losses, pulling the pair away from the 0.8400 resistance level toward the critical 0.8230 support confluence.
The pair is in a retracement phase, showing follow-through selling for the second consecutive day.
The 0.8230 level is identified as a critical confluence support.
The USD/CHF pair faces sustained selling pressure, marking a second consecutive day of declines. The currency pair is retreating from its recent peak near the 0.8400 level, which represented its highest valuation since May 2025, as bearish momentum builds.
The pair is experiencing follow-through selling pressure, leading to a retracement from the 0.8400 level reached earlier this week.