Rebound Insight
Our Pivot: 0.9600
Our Preference: Buy USDCHF above 0.9618 with strict stop loss of 0.9600 and profit target at 0.9638 with extension towards 0.9650.
Alternate Scenario: Downward penetration of 0.9600 will call for 0.9580.
NOTE: USDCHF is moving inside an ascending price channel and will try to give bullish breakout of its major resistant trend line inside this channel.
Chart with supports & resistances:
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