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USDCHF currency pair recently reversed down from the resistance area located between the key resistance level 0.94600 (previous yearly high from 2021), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downtrend from March. The downward reversal from this resistance area stopped the earlier impulse waves C and (iii).
With the strength of the aforementioned resistance area , USDCHF currency pair can be expected to fall further toward the next support level 0.93000.
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