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USD/CHF – approaching a support line that has been previously tested at least twice in the past

USD/CHF is moving towards the support line of a Rising Wedge. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 4 days and may test it again within the next 23 hours.

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We expect a $220 movement on NZDUSD within 4 hours following the event release at 19 Sep 07:30.

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