USDCHF continues its downward movement from 0.9249, and the fall extends to as low as 0.9040. Key resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8950 area. On the upside, a clear break above the trend line resistance will suggest that the downward movement from 0.9249 has completed, then the following upward move could bring price back to 0.9450 zone.
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