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USDCHF Reversed Losses With Eyes On More Strength

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
FXTechstrategy  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns Forex forextrading
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trendanalysis harmonicpatterns chartpattern forex forextrading
USDCHF reversed losses with eyes on more strength in the new week. This leaves resistance residing at the 0.9989 level as the next upside target. A break of here will clear the way for more gain towards the 1.0050 level. Above here, resistance comes in at the 1.0100 level and then the 1.0150 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the downside, support is seen at the 0.9900 level. A turn below there will set the stage for more decline towards the 0.9850 level. And then the 0.9800 level. All in all, USDCHF faces further upside threats.

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