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The USDCHF price has achieved the anticipated target of 0.8543. Today, the price shows additional bearish momentum as it tests this level, aiming to stay below it. This behavior supports the expectation of a continued bearish trend in the coming sessions, with the next key support level at 0.8430.
Intraday trading is likely to reflect further declines. However, if the price fails to maintain a break below 0.8543, the current bearish outlook may be invalidated, potentially initiating a bullish trend with an initial target at 0.8673.
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The expected trading range for today is between 0.8460 for support and 0.8600 for resistance.
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Trend Forecast: Bearish
