USDCHF rebounds from 0.9870, as long as this level holds, we’d expected up trend to continue and further rally to 1.0450 area to reach the next cycle top on daily chart is possible, and a break of 1.0249 will confirm such case. Key support is at 0.9634, only drop below this level will signal the resumption of the long term down trend.
For long term analysis, USDCHF is in long term down trend. As long as 1.0750 resistance holds, deeper decline towards 0.9000 area is in favor.
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