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USDCHF continues its upward movement from 0.9239, and the rise extends to as high as 0.9417. Further rise is still possible, and next target would be at 0.9500 area. However, the rise is treated as consolidation of the downtrend from 0.9971 (Jul 24 high), as long as 0.9500 level holds, the downtrend could be expected to resume, and another fall towards 0.9000 is still possible, only break above 0.9500 could signal completion of the downtrend.
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