Under Pressure
Our Pivot: 1.0040
Our Preference: Short sell below 1.0021 with strict stop loss of 1.0040 and profit target at 1.0000 with extension towards 0.9965.
Alternate Scenario: Upward penetration of 1.0040 will call for 1.0065.
NOTE: USDCHF is trying to penetrate below supportive trend line of its ascending wedge.
Chart with supports & resistances:
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