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Possible start of a bearish trend on USD/CHF

USD/CHF has broken through a line of 0.9314. If this breakout holds true, we could see the price of USD/CHF heading towards 0.9262 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

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We expect USDCHF to trend downwards for the next 48 hours.

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