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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/CHF approaching resistance, potential drop!

USDCHF is approaching our first resistance at 0.9983 (horizontal pullback resistance, ascending channel's resistance, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where we might see a drop to our major support at 0.9944 (horizontal swing low support, 50% Fibonacci retracement ). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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The material has been provided by InstaForex Company - www.instaforex.com