The USDCHF had a significant bearish momentum yesterday. On daily chart below we can see that price break below the major bullish channel indicating potential bullish failure and a new bearish phase at least testing 1.0420 region. Immediate resistance at 1.0610/40 area. Break above that area could be seen a false breakdown scenario which could trigger significant bullish just like what happened on April 01 and keep the bullish scenario intact.
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