USDCHF upside rejection targets key average

There was a lack of clear signals for sentiment for most of last week and the first 4 days changed direction with USDCHF oscillating around the 13-day moving average and, despite volatile price action, showing no follow through. But this ended on Friday with a second down day in a row, to create the second successive weekly decline and break away from the 13-day moving average. This move offers potential to the 100/200-day moving average area and the daily Ichimoku Cloud pattern.

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