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The USD/CHF pair has reached the anticipated target at 0.8780, holding near this level. The outlook suggests a continuation of the bearish trend, with potential further declines if the price breaks below 0.8780. The next target for the bearish correction is 0.8675, supported by stochastic indicators showing a loss of positive momentum.
The bearish trend remains favored on an intraday basis. However, if the price moves above 0.8885, it could initiate recovery efforts, potentially testing 0.9014.
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The expected trading range for today is between 0.8750 support and 0.8850 resistance.
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Trend Forecast: Bearish
