USD/CHF stayed in the consolidation last week and outlook is unchanged. Initial bias remains neutral this week first and some more sideway trading might be seen. On the upside, , firm break of 0.9554 resistance will resume the rebound from 0.9376 instead. In this case, further rally would be seen to 55 day EMA (now at 0.9576). On the downside, however, below 0.9420 minor support will bring retest of 0.9376 low. Break will resume the whole decline form 0.9901 and target 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337.


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