The CAD/CHF pair has reaffirmed its bearish trend, continuing to close within the levels of the downward channel. The price has dipped below the key level of 0.6010, maintaining a negative trading bias and stabilizing around the 0.5865 mark.
The convergence of key technical indicators, which are signaling negative momentum, suggests that further bearish pressure is likely. As a result, the pair is expected to target the 0.5775 level, with a potential break below this level pushing the price toward the support of the bearish channel at 0.5640.
The anticipated trading range for today is between 0.5775 and 0.5925.
Trend Forecast: Bearish
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