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The USD/CHF pair has shown weak trades since yesterday, stabilizing around the 0.8950 level. Stochastic indicators clearly lose positive momentum, suggesting a continuation of the correctional bearish trend. The targets for this trend start at 0.8885 and could extend to 0.8780 upon breaking the previous level.
Thus, a bearish trend is anticipated for the upcoming period, unless the price rallies to breach the 0.9014 level and holds above it.
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The expected trading range for today is between 0.8880 support and 0.9014 resistance.
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Trend Forecast: Bearish
