USD/CHF recently reversed strongly up after reaching the sell target 0.8700 that was set in our earlier report for this currency pair.USD/CHF is expected to continue the latest upward correction from 0.8700 toward the next correction target at the resistance level 0.8850.
This resistance level stands in the center of the strong resistance area made out of the two resistance trendlines lines belonging to two down channels from this January and September of last year – as well as 61.8% Fibonacci Correction of the earlier downward price impulse from April (as you can see below).
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