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USDCHF News

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Last Updated Date: 11 February 2022 @ 12:13 PM (UTC)
*Please note that all the dates are in GMT time zone

The USDCHF market is trying to reverse out of last week’s corrective setbacks and renew bull trending trade. A close over 0.9295 should boost rallies to challenge back against last week’s swing high. A breakout over 0.9296 signals for a drive to 0.9342. If trade struggles to close over 0.9295 today - Friday, then suspect a slide back against 0.9226 support to test for a bear turnover and declines along 0.9200.

Resistance 2      0.9295
Resistance 1      0.9270

 
Support 1           0.9234
Support 2           0.9210


 
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.