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The USD/CHF currency pair has reached the anticipated target of 0.8430 and is currently experiencing downward pressure. This development supports the expectation of a continuation of the bearish trend, with the next key target set at 0.8332.
Given the prevailing negative pressure, including resistance from the 50-day Exponential Moving Average (EMA), the bearish outlook is expected to persist. Maintaining a position below 0.8543 is crucial for sustaining the anticipated decline.
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Today’s expected trading range for USD/CHF is between a support level of 0.8355 and a resistance level of 0.8495.
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Trend Forecast: Bearish
