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Technical analysis USDCHF – 04.11.2020

USDCHF BULLISH

From a technical perspective the US Dollar seems to be currently in the works for a push higher in an aggressive way, as we are currently witnessing the making of a clear inverse head and shoulders pattern.

Once the (Neckline) price level of 0.91961 is broken to the upside, that will initiate the start of the bullish move.

The move will be a substantial move to the upside, taking us all the way to 0.94497.

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