The USDCHF currency pair broke out from the rising median line to test the support at 0.9962 from last week. Price action posted a modest rebound off this support level. However, the gains failed to test the resistance level at 1.0056 and eventually the currency pair closed below the support.
The USDCHF currency pair is expected to potentially post a rebound off the current levels. The recently breached support level at 0.9962 is expected to serve as resistance. A reversal off this level could signal a possible decline to the lower support at 0.9870. For the week ahead, the USDCHF
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