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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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Daily analysis of USD/CHF for June 7, 2018

USD/CHF

There remains a downside bias on the USD/CHF pair and price is going southwards gradually. It is now below the resistance level at 0.9900, and it may reach the support levels at 0.9850 and 0.9800. Since the trend has been going on for some weeks in a row, it is supposed to continue for the next several trading days.

analytics5b18fee138605.png

The condition in the market has changed very little, and that is something that will not last long. There is a Bearish Confirmation Pattern in the 4-hour chart and the Williams' % Range period 20 is not far from the oversold region.

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