USDCHF moved very nicely towards 1.0700 but was unable to break that level and is currently taking some breather. It seems that USDCHF will make another attempt towards 1.0730 level and if USDCHF manages to break above that level, then we will be looking at USDCHF moving towards 1.0850 level.
On the lower side, the retracement should end maximum by 1.0600 level and if the dip is extended then long term traders will look to buy USDCHF around 1.0550 level.
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