The USDCHF pair has dived and it is trading below the daily resistance level of 0.9870. As long as the pair remains below 0.9870 on a daily basis, the bearish action may gain momentum. At this point, we will face support levels at 0.9775 and 0.9695. Although, if the pair goes beyond 0.9870, the next resistance level will be at 0.9940.
17 May 17 (Wed)
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