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USDCHF earlier broke sharply through the pivotal support level 0.96250 (which reversed the price twice in January). The breakout of the support level 0.96250 strengthened the bearish pressure on this currency pair – accelerating the active impulse waves 3 and (3). Considering the moderately bullish Swiss franc sentiment seen across the markets today and the clear daily downtrend – USDCHF is likely to fall further toward the next support level 0.95500 (multi-year low from September of 2018).
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