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USDCHF continues to rise after the earlier upward reversal with the daily Morning Star from the support area located between the key support level 0.90200 (which stopped the previous impulse wave (iii) in the middle of August) and the lower daily Bollinger Band. Given the moderately bearish Swiss franc sentiment seen across the FX markets today – USDCHF is likely to extend the gains toward the next resistance level 0.91600 (top of the earlier upward correction (iv) from last month).
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