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USD/CHF breaks major support around 0.9520, targets 0.9380

USD/CHF has broken major support 0.9515 and this confirms short term bearishness, a decline till 0.938/0.9325 is possible . On the higher side minor resistance is around 0.9525 and any break above targets 0.9560/0.9600. …

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USD/CHF breaks major support around 0.9520, targets 0.9380
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  • USD/CHF has broken major support 0.9515 and this confirms short term bearishness, a decline till 0.938/0.9325 is possible .

  • On the higher side minor resistance is around 0.9525 and any break above targets 0.9560/0.9600.

  • Overall bearish invalidation only above 0.9650.

  • The pair's is facing  support  around 0.9480 and break below will drag the pair till 0.9380/0.9320/0.9250 level. 

It is good to sell on rallies around 0.9490-95 with SL around 0.9560 for the TP of 0.9380/0.9320

 

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