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USDCHF analysis 16.11.2020

USDCHF

The currency pair is trading in the range of 365 and 135 moving averages directed upwards. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.

USDCHF rate online: monitor the price movement in real time.

Trading recommendations:

Buy when an ascending wave pattern has formed, where the wave (aC) breaks through the inclined channel of the downward expected correction.

Stop Loss at the local minimum.

Target levels: 0.9189; 0.9270.

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