The USDCHF pair has shown positive movement, trading within a minor bullish channel observed on the chart. However, this pattern is believed to represent a bearish flag, indicating that the price may face downward pressure.
To confirm this bearish outlook, the price needs to break below the 0.8825 level, which would activate the negative effects of the flag pattern and signal a continuation of the expected bearish trend in the near term. Traders will be closely monitoring this level for further direction in the price action.
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