Last week supply at USDCHF failed to broke below support at 0.9500. Reaction of the demand was very rapid. At the chart we can see V pattern. The pattern forms, when after sharp the price movement in one direction rebound occurs and the price moves in opposite direction erasing all previous movement. That pattern predicts further upward movement.
Currently the key level for the bulls is located at 0.9780. If demand crashes through that level, the price will be moved upward until to 1.000. Today we have seen declines but that movement should finished above 0.9650 level.
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