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USD/CHF reversed from resistance zone

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  • USD/CHF reversed from resistance zone
  • Next sell target - 0.9900

USD/CHF recently reversed down with the daily Shooting Star from the resistance area lying between the strong long-term resistance level 1.0050 (which has been reversing the price from last year, as can be seen below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous minor impulse wave 3. USD/CHF is expected to fall further toward the next sell target at the next support level 0.9900.

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