USD/CHF Setting up a weekly reversal candle

USD/CHF rallied today after the SNB cut rates for a second meeting in a row.

The swap rate on this pair is attractive already. The two year inflation targets set by the central bank suggests the easing cycle might not be finished.

A hold above 0.8900 into the weekly close would result in a reversal candlestick. A reversal candlestick pattern has already printed on a daily chart.

First target near 0.91. A break could see the pair extend towards resistance near 0.94.
Support and Resistance

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