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The USD/CHF currency pair has broken the $0.8885 support level decisively and closed the daily candlestick below it. This move signals a return to bearish correctional pressure, with the price now targeting an initial support level of $0.8780. A further break below this level could push the price down to $0.8675 as the next key negative target.
We anticipate continued declines in the near term unless the price manages to breach and hold above the $0.8885 level.
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The expected trading range for today is between the support level of $0.8760 and the resistance level of $0.8890.
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Trend Forecast: Bearish
