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CJBlueNorther

Near resistance, looking to short from here

Short
U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
CJBlueNorther Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis
12
4
trendanalysis
Monthly chart for this pair is still bearish, as we are also reaching a major resistance level, which also lines up with the 200 moving average on the weekly chart. Target would be for price to fall back down around .88550 to .88000.
Comment:
So far, the weekly candle is rejecting hard off the 200 moving average. This is the type of price action needed to confirm this setup.
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