USDCHF broke above 1.0526 (May 30 high). Pullback from 1.0539 is treated as consolidation to up trend. Near term support is at the up trend line from 1.0147 to 1.0301. As long as the trend line support holds, we’d expected up trend to resume and further rally to test 1.0623 (May 8 high) is still possible. Key support is located at 1.0301, only fall below this level will signal reversal to up trend.
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