USDCHF Sets a Floor Near Fresh 6-Year Lows; Bearish Overall

<p>USDCHF, capped by the 20-day simple moving average (SMA), inched down to a new six-year low of 0.8814 on Wednesday. While the recent negative correction resurfaced fears of a stronger downtrend, the 0.8824 support region, which acted as resistance back in January 2015, continues to hold firm, giving another opportunity for a rebound. The technical […]</p>
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