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Major support – 0.9800
USDCHF is trading weak for 3rd consecutive day on account of increasing demand for safe haven assets. The pair declined more than 150 pips and hits low of 0.98044 and is currently trading around 0.98057.
The near term support is around 0.9800 and any break below will drag the pair to next level till 0.9735/0.96800//0.96500.
The minor trend reversal will happen only above 0.9870 and any close above will take the pair till 0.9920/0.9960. The pair should break above 1.0010 for further jump till 1.00680/1.0125.
It is good to sell below 0.9800 with SL around 0.9870 for the TP of 0.9680/0.96500.
