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USDCHF continues to rise sharply after the earlier upward reversal with the daily Bullish Engulfing from the support zone located between the round support level 0.90000 (which stopped the previous extended downtrend in August) and the lower daily Bollinger Band. Given the strongly bearish Swiss franc sentiment seen across the FX markets today, USDCHF is likely to rise further toward the next resistance level 0.91950 (which stopped the previous minor corrective wave (ii) at the end of October).
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