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USDCHF Rolls Over Following Test of Key Resistance
USDCHF bulls have struggled to close the pair above 0.9800 on a daily closing basis. That’s the level I mentioned on the 28th of September asone that could restrict upside potential. The 0.9800 price level is just a placeholder. Because we’re dealing with a trend line that extends from the current 2017 high, the actual price is somewhat of a moving target. On Friday of last week, the USDCHF carved a bearish pin bar from this trend line. I know some of you were anxious to short the pair for a move back toward range support at 0.9435. And that may work out well for you. However, sellers failed to close Friday’s ... (full story)