We are a forex and commodities intermediary that accommodates
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USDCHF recently reversed up sharply from the powerful long-term support level 0.90700 (which previously reversed the price sharply in the middle of 2015 as can be seen below). The strength of the support level 0.9070 was increased by the proximity of the lower weekly Bollinger Band. Given the strongly bearish Swiss franc sentiment seen today – USDCHF is likely to extend the gains toward the next resistance level 0.92600. Strong support remains near the major support level 0.90700.
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