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The USD/CHF currency pair opened with negative movements today, indicating a potential continuation of the bearish trend on an intraday basis. The next key target for this bearish movement is around the 0.8332 level.
The price remains below the 50-day Exponential Moving Average (EMA50), reinforcing the bearish outlook. However, if the price breaches the 0.8543 level, it could halt the bearish trend and initiate a bullish phase, with potential targets starting at 0.8673.
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Today’s expected trading range is between 0.8370 for support and 0.8520 for resistance.
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Trend Forecast: Bearish
