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Big movement possible on BCHCAD after a breach of 356.4200

BCHCAD has broken through a line of 356.4200 and suggests a possible movement to 349.1410 within the next 11 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.

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We expect CT to trend upwards today with a 75% chance.

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We expect a $1,359.775 movement on USDCHF within the next 48 hours.

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