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The USDCHF price is gradually climbing towards the key resistance level at 0.8543. Stochastic indicators are signaling overbought conditions, which may prompt a bearish reversal and a resumption of the downtrend. The next major target for the bearish trend is 0.8332.
However, a breach of the 0.8543 resistance would invalidate the bearish outlook and could lead to an upward shift in the price trajectory.
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Today’s expected trading range is between 0.8420 support and 0.8540 resistance.
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Trend Forecast: Bearish
