Being supported by the lower border of the price channel on 4-hour chart, USDCHF rebounded from 0.8917, suggesting that a cycle bottom has been formed. Further rise to test 0.9181 resistance could be seen later today, a break above this level will signal resumption of the uptrend from 0.7711. Support remains at the lower border of the channel, only a clear break below the channel could indicate that lengthier consolidation of uptrend is underway.

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