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PontusTrader
Apr 5, 2018 5:00 AM

Dollar to Franc coming to winching resistance area Short

U.S. Dollar/Swiss FrancFXCM

Description

Lots of resistances lining up together around the same time spells high probablity of continued downside for the USDCHF.

Take a look at the chart below zooming in on the daily. We have a rising wedge in a larger downtrend, which is a bearish pattern.
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