The USD/CHF pair plummeted to a fresh 10-day low at 0.9610 on Wednesday, the 9th of August 2017, as the increased safe-haven demand due to rising geopolitical concerns allowed the CHF to gather strength against its peers. (Source: FXStreet.com)
However, the pair reversed course in the early North American session and started to retrace its losses, with the price moving from 0.9610 up to 0.9667. (Source: BDSwiss MT4)
As of writing, the pair was trading at 0.9662. (10:05 GMT+3)
In the event that the bears manage to push the price below 0.9645, the pair could reach 0.9632 and 0.9623 in extension.
On the flip side, in the event that the bulls push the price even higher, breaking above 0.9691, the pair could rise up to 0.9702 and 0.9710 respectively.
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However, the pair reversed course in the early North American session and started to retrace its losses, with the price moving from 0.9610 up to 0.9667. (Source: BDSwiss MT4)
As of writing, the pair was trading at 0.9662. (10:05 GMT+3)
In the event that the bears manage to push the price below 0.9645, the pair could reach 0.9632 and 0.9623 in extension.
On the flip side, in the event that the bulls push the price even higher, breaking above 0.9691, the pair could rise up to 0.9702 and 0.9710 respectively.
[Redacted]
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