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US Dollar vs Swiss Franc

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Analysis:
Selling pressure from 0.8848 resulted in all the initial daily gains being overturned. Buying posted in Asia. Broken out of the channel formation to the downside. The selloff is close to a correction count on the intraday chart. The medium term bias remains bearish. Preferred trade is to buy on dips.

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Key Signal Parameters

Signal Breakdown with Key Levels