USD/CHF Mid-Day Outlook

[Forex-Outlook]

USD/CHF's consolidation is still in progress and deeper pull back cannot be ruled out. But after all, we'd expect downside to be contained by 4 hours 55 EMA (now at 1.1161) and bring rally resumption. Above 1.1447 will target 161.8% projection of 1.0131 to 1.0897 from 1.0434 at 1.1673 next.

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