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USDCHF continues to fall after the earlier breakout of the key support level 0.9030 (which has reversed the pair
multiple times from the start of August). The breakout of this support level accelerated the active different length
impulse waves 3 and (3).
Given the strong daily downtrend and the powerful bearish sentiment affecting the US dollar today, USDCHF is
likely to fall further toward the next support level 0.8950 (target price for the completion of the active impulse
wave 3).
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