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USDCHF recently reversed up with the weekly candlesticks reversal pattern Hammer from the support area located between the key support level 0.96000 (which stopped the previous sharp downward correction 2 in the middle of 2018) and the lower weekly Bollinger Band. Given the moderate bullish USA dollar sentiment at the moment – USDCHF is likely to remain under bullish pressure and rise further toward the next resistance level 0.97250 (former strong support from the middle of 2019).
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