Tue, May 30, 2023 @ 08:03 GMT
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USDCHF Making A Strong Bullish Case

On the updated chart of USDCHF, we see price undergoing a nice sharp and strong rally to the upside, probably as an indication for a reversal. If that is the case, then recent big three wave pattern to the downside is completed and more gains may follow in the near-term. At the moment we see price trading in the first wave 1), that may in sessions ahead find a potential top and make a minimum three wave reversal to the downside. Possible support for the following wave 2) may later then be around the middle channel line.


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