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The USD/CHF pair has bounced bullishly from the 0.8820 area, displaying a stronger bullish bias at today’s open by attacking the 0.8885 level. This move suggests a potential halt to the bearish correction and an attempt to resume the bullish trend, aiming for gains starting at 0.8930 and extending to 0.9014.
Given these developments, a bullish outlook is expected for today. However, it’s important to note that failing to consolidate above the 0.8885 level will negate the anticipated rise and could lead to further bearish correction.
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The expected trading range for today is between the support level of 0.8840 and the resistance level of 0.8960.
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Trend Forecast: Bullish
