USDCHF Bullish above the 1D MA50, bearish below it.

The USDCHF pair is trading within a Channel Down pattern since late November and it currently above the 1D MA50 (blue trend-line). As long as 1D candles close above it (1D MA50), we will stay bullish and target slightly below the 0.618 Fibonacci extension at 0.91850. A 1D candle close below it, will be a bearish break-out for us, targeting the Channel's recent Low at 0.88250.

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