the pair's three-week buytrend may be intact, corrective pullback risk continuesly. With USDCHF close flat the past week, we think a correction of the mentioned buytrend could be building up further. In such a case, the 0.8932 point comes in as the next downside objective. A turn below here will expose the 0.8896 point where a breach will pave the way for a run at 0.8859 point and possibly lower towards the 0.8800 point. if, on the upside,
resistance resides at the 0.8989 point where a break will set the stage for the resumption of its uptrend towards the 0.9050 point. Further out, resistance resides at the 0.9100 point and then the 0.9150 point. Its weekly RSI is bullish and pointing higher supporting this view. finally, the pair remains biased to the upside in the mediem term but face the risk of correction downtrend.
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