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FX.co ★ The divergence between the RSI(14) indicator and the USD/CHF price movement indicates a re-entry of sellers. Wednesday, August 6, 2025.

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Forex Analysis:::2025-08-06T04:44:35

The divergence between the RSI(14) indicator and the USD/CHF price movement indicates a re-entry of sellers. Wednesday, August 6, 2025.

USD/CHF – Wednesday, August 6, 2025.

With the appearance of a divergence between the price movement and the RSI(14) indicator, which is also in a bearish neutral position, and the intersection of the two EMAs with a Death Cross, indicate that USD/CHF has the potential to weaken today.

Key Levels

1. Resistance 2: 0.8137.

2. Resistance 1: 0.8104.

3. Pivot: 0.8084.

4. Support 1: 0.8051.

5. Support 2: 0.8031.

Tactical Scenario

Pressure Risk Zone: If the price breaks down and closes below 0.8051, then USD/CHF has the potential to continue its decline to 0.8031.

Momentum Extension Bias: If the 0.8031 level is successfully broken and closes below it, there is the potential for further decline to 0.7998.

Invalidation Level / Bias Revision

Downside bias is restrained if the USD/CHF price strengthens and breaks through and closes above 0.8137.

Technical Summary

EMA(50): 0.8078.

EMA(200): 0.8080.

RSI(14): 40.63 + Divergence.

Economic News Release Agenda:

Tonight, the US market will release US Crude Oil Inventory economic data 21:30 WIB.

The divergence between the RSI(14) indicator and the USD/CHF price movement indicates a re-entry of sellers. Wednesday, August 6, 2025.

Analyst InstaForex
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