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HomeLatestUSD/CHF Price Analysis and Forecast for Today - 07-06-2024
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USD/CHF Price Analysis and Forecast for Today – 07-06-2024

USD/CHF Price Analysis

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Expected Scenario: The USD/CHF price is currently testing the critical support line at 0.8885, poised for a potential break below this level to confirm the initiation of a further bearish correction in the near future. It’s worth noting that the next targeted level is projected to be at 0.8780. The presence of a double top pattern adds to the negative sentiment, reinforcing the anticipated continuation of the bearish trend on both the intraday and short-term perspectives. However, a breach of the resistance level at 0.8945 could prompt an intraday uptick, potentially testing 0.9014 before any renewed downward movement.

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Expected Trading Range: The expected trading range lies between the support level at 0.8830 and the resistance level at 0.8970.

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Trend Forecast: Bearish

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