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HomeFOREXForecast for USDCHF Price on April 9, 2024
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Forecast for USDCHF Price on April 9, 2024

The recent trading activity of the USDCHF pair has been observed to be confined within a minor bearish channel, potentially forming a bullish flag pattern. Analysts believe that breaching the level of 0.9055 will trigger the positive implications of this pattern, propelling the price to resume its main bullish trend, with a next target anticipated at 0.9200.

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Consequently, experts continue to advocate for a bullish trend in the forthcoming period, structured within the main bullish channel. It is emphasized that maintaining a position above the pivotal level of 0.8975 is imperative for the continuation of the bullish momentum.

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Anticipated Trading Range

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  • Support: 0.8990
  • Resistance: 0.9130

Trend Forecast: Bullish

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