SimpleFX USDCHF Chart Analysis: October 21, 2019

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The market continues to move within the yellow and green channels. It is likely that at the moment we see a decline in the price in the direction of the lower bound of the green channel. If the assumption is correct, the market will continue to move down to the support level of 0.9759. However, if the bulls start to push the price upward and break through the resistance level of 0.9905, which is formed by the moving average, the price growth can be continued to the level of 0.9959, which is on the upper green wall.

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