USDCHF is still in the ascending wedgeÂ
USDCHF is going for another 0.9300-0.9330. This is a medium-term uptrend resistance zone and a place where the pair has failed, multiple times and a long-term downside channel resistance. We expect a failure here for an impulsive 5 waves down. A break below 0.9230 would accelerate the downside.
Note: look for the short trade with the stop loss above 0.9340
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