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USD/CHF Rejected at Declining Trendline

posted by Avatar FXTimes 277 days ago in USD, CHF, Technical made popular 276 days ago

The USD/CHF was rallying toward last Friday’s (8/10) high at about 0.9810 and found resistance again during the 8/16 trading session. The 4H chart shows that as the market gets into 8/16 US trading, it is falling sharply from a declining trendline resistance. Note that the 4H RSI did not break above 60, and therefore, the momentum bias...
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