June 25, 2014
USD/CHF recently reversed down from the resistance zone close to the buy target 0.9050 set in our earlier report for this currency pair. This resistance zone was strengthened by 50% Fibonacci Correction of the preceding downward impulse from September of last year and the daily upper Bollinger Band.
The latest downward reversal from this resistance zone completed the preceding primary ABC correction ②. USD/CHF is expected to fall to the next sell target at 0.8860 (former top of the B-subwave of the aforementioned primary ABC correction).
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