USDCHF Price Loses Momentum – Forecast for August 23, 2024

by Jennifer

The USDCHF price showed limited movement yesterday, remaining stable below the 0.8543 level. Stochastic indicators are losing positive momentum, suggesting a potential resumption of the bearish trend. The next target for this downtrend is around 0.8430, provided the price remains below 0.8543.

For today, the expected trading range is between 0.8440 (support) and 0.8570 (resistance).

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Trend Forecast: Bearish

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