USDCHF recently reversed down sharply once again from the key resistance level 0.9800 – standing close to the upper daily Bollinger Band.
The downward reversal from the resistance level 0.9800 continues the active short-term impulse wave (c).
USDCHF is expected to fall further toward the next support level 0.9700 – the breakout of which can lead to further losses toward 0.9660.
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