USD/CHF: The rally has finally stalled out for now ahead of 1.0900, with the market in the process of correcting from overbought levels. The risks from here are for some additional weakness back towards the 1.0500 area, from where a fresh higher low will be sought out ahead of the next major upside extension beyond 1.0900.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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