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Swiss Franc Technical Forecast: USD/CHF Bulls Wrestle with Resistance
The US Dollar rallied for a fourth consecutive week against the Swiss Franc with USD/CHF stretching into major resistance at multi-month highs. Its decision time for the bulls as the post-election rally challenges the April downtrend. These are the update targets & invalidation levels that matter on the USD/CHF weekly technical chart. Technical Outlook: USD/CHF is testing major resistance on the heels of this week’s US election and subsequent Fed rate decision with price exhausting into the April downtrend at 8725/57- a region defined by the 100% extension of the September range breakout and the objective 2021 ... (full story)