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Latest impact: USDCHF Back to the Stance of Lower Low
USDCHF gently spiked to 9250 twice without stinging a close below this strong support, a definition for a bounce. However, the bounce may be limited and would be put under the ‘sell’ notion as momentum points to a lower low ahead of next Wednesday. Selling the current price (9265) along with a rally towards 9300 is the aim, targeting 9150. Only a close above 9400 negates the bearish scenario.