Category: respects
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The USDCHF is sharply lower on the day,but respects key support target near 0.8819-0.8825.
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Yesterday, the USD/CHF pair rose and found support at the 200-day moving average early in the day, which turned the bias to the upside. It rose above the 38.2% retracement level of the recent move lower at 0.89072, extending to a high of 0.8923 before slowing at the close. But…