USDCHF is currently undergoing a critical test of the monthly level at 0.88. This level holds significant importance as it has acted as a key level in the past, attracting market attention and influencing price movements.
Based on Plancton's Rules, there is a possibility that the price may retest the previous ascending channel, now serving as a new resistance level. If the price fails to break above this resistance and instead creates a reversal pattern, it could indicate a potential bearish impulse in the market.
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