USDCHF 8 October 2018 analysis

Dear All, Today I will be providing USDCHF analysis for reference as I see a high probability trade going on. As seen below, USDCHF has been congested at about 0.9920 area for a few days and coincide with the support broken in Aug 2018. Price may move south towards 0.9820 area as seen by the blue arrow as CHF is grossly oversold though we may see some USD strength due to expectations of a further rate hike this year.

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