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May 13, 2025

USDCHF Breaks Resistance, Eyeing Further Gains

The USDCHF currency pair has recently breached the resistance zone between the 0.8325 level, which previously halted waves A and (b), as well as the 38.2% Fibonacci correction of the downward impulse 5 dating back to April.

This breakout suggests a potential for further upward movement in the pair, as bullish momentum grows amid favorable market conditions for the USD. Traders should watch for confirmations of this trend as they plan their next moves.

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