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USD/CHF exhibiting Golden Cross

USD/CHF is undergoing a Golden Cross, a high profile technical event.

This technical pattern consists of a cross between the 100-day and the 200-day moving averages. This per se rare event becomes extremely rare if the pair has witnessed a meaningful correction before or during the cross. This bounce allows trend-following USD/CHF traders to adhere to the trend at fair valued prices following an otherwise very risky signal.

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