(10 JULY 2020)USD/CHF Target 0.9445.

<p>Pivot</p>
<p>&nbsp;(invalidation): 0.9395 Our preference</p>
<p>Long positions above 0.9395 with targets at 0.9430 &amp; 0.9445 in extension.</p>
<p>Alternative scenario</p>
<p>Below 0.9395 look for further downside with 0.9370 &amp; 0.9355 as targets.</p>

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