The Swiss franc, which has been weakening against the USD for almost five months, is showing signs that the bullish rally of the USD against it is over, and unless the SNB interfere the trading, the CHF might make a significant movement against the USD. The pair made the double top on the beginning of last month, after that the USD failed in breaking through the resistance at 0.96. The prices fell 500 pips since then and the current support is at 0.91. Likewise, the 20 EMA is about to cross under the 50 EMA, which is a bearish signal for the pair and therefore, a break-down of the support at 0.91 might pull the price down to 0.89. On the other hand, a break-down of the previous week's high at 0.926 might help the USD to rise again.
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