Sat, Mar 25, 2023 @ 05:43 GMT
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USD/CHF Bouncing Back Higher

USD/CHF is trading up. Strong resistance is given at 0.9771 (15/06/2017 high). The pair is likely to head further lower way below the broken hourly support at 0.9584 (08/11/2017 low). Expected to show renewed bearish pressures.

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours nonetheless a long term bullish bias since the unpeg in January 2015

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