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Technical analysis:
USD/CHF has been trading downside this morning and I think there is potential for the downside movement towards lower references.
Trading recommendation:
Due to the test and reject of resistance zone, I see potential for the downside movement towards lower references.
Watch for the potential selling opportunities on the rallies with the downside objectives at 0.9165 and 0.9100.
MACD oscillator is showing fresh downside momentum, which is sign that sellers are in control.
Key resistance is set at the price of 0.9250
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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