USDCHF is moving towards a line of 0.7953 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDCHF continues in its current trajectory, we may see it move towards 0.7953 within the next 2 days.
Supported by Downward sloping Moving Average
Target: 0.7953 Entry: 0.7967 Stop: 0.7973
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