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Accordingly, the Swiss Franc is expected to respect the support at 1.40, which is reinforced by the weekly PP and 200-hour SMA, and then commence a strong recovery that may potentially reach 1.41 before a downward correction takes place. However, the currency pair will have to overcome the Jun 30 high and weekly R1 at 1.4066 first. Meanwhile, most of the technical indicators support a bullish outlook on the Franc.
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