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The USD/CHF price is fluctuating around the EMA50, which forms significant resistance. We are waiting for the price to resume the expected bearish wave on an intraday basis, with the next target located at $0.8885.
Stochastic indicators are showing negative signals that support the expected decline, which will remain valid as long as the price stays below $0.9014.
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Today’s expected trading range is between the support level of $0.8890 and the resistance level of $0.9030.
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Trend forecast: Bearish
