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USDCHF has risen strongly, now testing major resistance!

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
Tickmill Broker  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns USDCHF USD chf usdchfanalysis usdchfshort usdchflong usdchfidea usdchfprediction usdchftrade
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trendanalysis harmonicpatterns chartpattern usdchf usd chf usdchfanalysis usdchfshort usdchflong usdchfidea usdchfprediction usdchftrade
USDCHF has risen strongly and is fast approaching major resistance at 0.9466 (Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to drive price all the way down to 0.9405 support (Fibonacci retracement, horizontal pullback support) before 0.9324 support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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