USDCHF seems to be completing its retracement and is looking to do so just around 1.0530 level. USDCHF is expected to resume its upward trend again from 1.0530 level. If USDCHF manages to continue its downward trend and break of 1.0530 will mean that its next target will be somewhere around 1.0450 level.
On the upper side, its initial target will be around 1.0640 level and continuation of its upward trend will lead USDCHF above 1.0700 level. RSI was on the higher side but current retracement has opened up it considerably to allow it to make a move towards 1.0640 level.
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