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Harmonic pattern - Bullish BAT pattern
Potential Reversal Zone (PRZ) - 0.9520
- USD/CHF has retreated till 0.9554 after making a high of 0.9645 yesterday. It is currently trading at 0.9576. Short term trend is bullish as long as support 0.9520 holds.
- Any break below 0.9520 will drag the pair down till 0.9470/0.9400.
- On the higher side major resistance is around 0.9650 and break above targets 0.9680/0.9725.
- The minor resistance is around 0.9600
- Bullish invalidation only below 0.9520.
It is good to buy at dips around 0.9560-65 with SL around 0.9515 for the TP of 0.9680
