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USD/CHF Structured a Bottom?
The USD/CHF currency made a remarkable recovery after dropping to as low as 0.7065. The USD/CHF currency pair jumped as high 0.8200 before retracing. There is an abundant amount of resistance preventing the USD/CHF from breaking higher. A 50 percent Fibonacci retracement of March’s high and all-time low is structured precisely at a 0.8200 threshold. After hitting the Fibonacci figure the USD/CHF structured a harami formation, temporarily pushing the currency pair below a pivotal 0.8000 mark. Slightly higher at 0.8300, it can be noted a strong resistance level which used to act as a level of support (green line). A ... (full story)
