The USD/CHF currency pair is exhibiting a bearish trend as it approaches its first negative target at 0.8400. A break below this level would confirm a further decline toward the next target at 0.8332.
The price’s movement below the 50-period exponential moving average (EMA) supports the continuation of this bearish wave. However, should the price breach the 0.8465 level, it could lead to intraday gains, with a potential test of 0.8543 before any new attempts to decline.
The expected trading range for today is between 0.8350 as support and 0.8470 as resistance.
Trend Forecast: Bearish
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