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The USD/CHF currency pair has achieved its initial target of 0.8780 and shows signs of further bearish movement as it attempts to breach this level. This reinforces the outlook for a continued downward correction, with the next major target set at 0.8673.
Given the current trend, further declines are anticipated in the upcoming sessions. However, if the pair fails to break below 0.8780, a potential rebound could occur, leading the price to test the 0.8885 level before any renewed attempt at a decline.
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For today, the expected trading range for USD/CHF is between 0.8700 support and 0.8830 resistance.
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Trend Forecast: Bearish
