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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/CHF is at major resistance, remain bearish

The price is now testing major resistance at 1.0068 (horizontal pullback resistance, Fibonacci retracement, and bearish divergence) and we expect a drop to at least 0.9973 support (Fibonacci retracement, bearish divergence potential).

Stochastic (34,5,3) is seeing strong resistance below the 91% level and bearish divergence vs. the price is signaling that a major reversal is impending.

Sell below 0.9991. Stop loss is at 1.0040. Take profit is at 0.9923.

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