USDCHF – Key Support Level Holding | Apr 21

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USDCHF – Last Chance Saloon/Support? (4hr chart)
We’ve talked about the 9500 level being a key support level to buy and last week we got a solid bounce there. The pair retested the level today only for bids to step in just above it.

I’m maintaining a cautious bullish bias while we are above this level on a daily closing basis. Upside bulls will need to touch 96 to add some bullish risk to the table. If they can clear this, then we should see 9715 and potentially an attack on 98+.

A daily close below this level however changes the bias back to the bear side.


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