USDCHF Faces Bearish Pressure above Rising Trendline

<p>USDCHF had a bearish start on Thursday, dropping beneath the 23.6% Fibonacci retracement level of the upward wave from 0.9500 to 0.9800, at 0.9730, and the 20- and 40-period simple moving averages (SMAs). The pair has been in process to create an ascending triangle pattern over the last month with strong upper boundary the 0.9800 round number. In momentum indicators, the […]</p>
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