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USD/CHF: price to test the Moving Averages

USD/CHF: price to test the Moving Averages

Information is not investment advice

There's a bearish 'Engulfing', which has been confirmed. Also, the pair fixated below the 'Window', so we should watch the nearest support at 0.9936 and the Moving Averages as an intraday target. If a pullback from these levels happens next, there'll be a moment to have another upward price movement towards the closest resistance at 1.0166.

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Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

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