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USDCHF continues to fall inside the strong downward impulse wave 1 which started recently from the resistance area lying between the key resistance level 0.98400 (former monthly low from October) and 50% Fibonacci correction of the previous downward impulse wave 1 from November. With the strong bearish US dollar sentiment seen across the markets today – coupled with moderate Swiss franc bullishness – USDCHF is expected to fall further toward the next support level 0.97000.
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