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USDCHF Testing Support, Potential Breakout!

Por ICmarkets
Corretora
USDCHF broke out of our short term ascending support line and is testing our first support at 0.9848 (horizontal overlap support, 23.6% Fibonacci retracement) where we expect price to breakout and drop to our second support at 0.9731 (horizontal swing low support, 38.2% Fibonacci retracement).
RSI (89) is also seeing a bearish exit and we might see a further drop in price.
Chart PatternschfForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSDUSDCHFusdchflongusdchfshort
ICmarkets
Corretora
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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