USD/CHF's decline from 1.0127 short term top extended lower last week. As long as 0.9694 minor resistance holds, deeper fall is expected. Break of 38.2% retracement of 0.8346 to 1.0127 at 0.9447 will target 61.8% retracement at 0.9026. On the upside, above 0.9694 minor resistance will turn bias back to the upside for retesting 1.0127 resistance.
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