USD/CHF Caution

Pivot (invalidation): 0.9935

Our preference Long positions above 0.9935 with targets at 0.9955 & 0.9975 in extension.

Alternative scenario Below 0.9935 look for further downside with 0.9920 & 0.9905 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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