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USDCHF continues to fall inside the short-term impulse wave (iii) – which started earlier from the resistance zone lying between the key resistance level 0.91500 (former support from the end of September) and the 38.2% Fibonacci correction of the downward impulse (i) from last month. Given the strong multi-month downtrend and the clear bullish Swiss franc sentiment, USDCHF is likely to fall further toward the next support level 0.90800 (low of the previous short-term impulse wave (i)).
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