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On the 4-hour chart, we can see that USD/CHF is moving away from the 0.9722 level. The pair is trying to break 0.9797. If the pair breaks this level, there is higher probability that USD/CHF may rise to 0.9876. The scenario will be cancelled if the pair does not retrace bellow the 0.9654 level.
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The material has been provided by InstaForex Company - www.instaforex.com