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You can see the evident strength of the Swiss currency which gives time for technical adjustments and continues to move in its direction. We are currently seeing a rebound from the trend line and a continuation of the downward movement.

After breaking the upward trend line, the currency reached local support, and then gave investors a chance to take short positions returning to the resistance marked by the zone. The range for now is a minimum of 90 pips, in the long term, please see the chart from the perspective of W1.

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