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USDCHF recently reversed up sharply with the weekly long-legged Doji from the support area lying between the key support level 0.90600 (former weekly low from last week) and the lower weekly Bollinger band. Given the oversold weekly Stochastic and the strongly bearish Swiss franc sentiment seen across the FX markets today – USDCHF is likely to extend the gains toward the next resistance level 0.92400 (previous weekly high).
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