USD/CHF: Seasonal Slump Aligns With Technical Resistance
USD/CHF tends to underperform from mid-May to early August, with historical data pointing to a seasonal slump. Over the past 25 years, the average move during this period has been -2.06%, with a win rate of only 32%. Currently, traders should watch the 0.8400 level closely, a critical barrier that aligns with a former triple bottom. A rejection here could set up a renewed move lower, especially if macro fundamentals align with the seasonal trend.