“USD/CHF has broken through its 0.9056/51 recent lows to move decisively below the 0.9072 2015 low. Whilst short-term momentum is so far failing to confirm the break, our core outlook stays bearish following the completion of a major top, with a close below here confirming the end of the recent consolidation phase for a resumption of the downtrend, with support seen next at a major psychological inflection point at 0.9000, before the next major Fibonacci retracement level at 0.8875


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