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Technical Analysis of USDCHF July 7, 2017

In H4 chart, Swiss Franc is getting an upward momentum but trading below the pivot point and it can be resisted by linear weighted moving average of 50 periods. RSI lacks upward momentum. So in most likely scenario short the position around 0.9622 with the target of 0.9582. In other case, long the position above 0.9625 with the target of 0.9641.

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