USDCHF remains in downtrend from 0.9971. Another fall could be expected after a minor consolidation, and next target would be at 0.9500 area. Resistance is at 0.9770, followed by the downward trend line on 4-hour chart, only a clear break above the trend line could indicate that the longer term uptrend from 0.8931 (Feb 24 low) has resumed, then the following upward move could bring price to 1.0200 area.
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