Chart of The day $USDCHF

On the USDCHF chart, we can see that the instrument is retesting the broken uptrend resistance 0.9930-0.9980 zone. This zone needs to hold for the upside continuation. Only the daily close below this zone will invalidate the upside continuation. 

Note: look for the long trade entries in case of a daily bullish price action with the stop loss below the 0.9930 level.

USDCHF price action technical analysis

 

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