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  • Stephanos N.

USDCHF - S/R TRADING - ROOM UP TO THE 1.00s

The pair has just broken above a key structure level and the USD seems to be strong across the board not just up against the CHF. The only potential headwind is an interest rate cut this Wednesday by the Federal Reserve however it depends how much of that is already priced in with the possibility of seeing a bounce despite a cut of 25bps.

The next potential key structure level is at the 1.0000 mark should it break the midpoint pivot

Stay tuned for the updates!

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