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USDCHF Analysis May 16, 2021

FX:USDCHF   U.S. Dollar / Swiss Franc
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Last weeks candle played out perfectly on USDCHF . We had a retest of the resistance then headed to the downside. On the daily we can clearly see the break and retest of the main key level. At this point we will just look to continue to trade shorts on this one on the lower timeframes. The next key level of support is at 0.89175 so that is where I will look for price to move towards before reversing.

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