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The USD/CHF currency pair has resumed its downward movement, confirming a break below the 0.8543 level and moving further away from it. This reinforces the expectation of a continued bearish trend, with the next significant target set at 0.8430.
Current positivity in the Stochastic indicator may lead to some sideways movement before the bearish trend resumes. This outlook will remain valid unless the price rebounds to exceed and sustain above 0.8543.
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Today’s expected trading range is between 0.8450 and 0.8580.
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Trend Forecast: Bearish
