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USDCHF Price Analysis
Expected Scenario:
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The USDCHF price has been exhibiting positive trades since yesterday after leaning on the EMA50. This supports the continuation of the bullish trend on an intraday basis, with the next target located at 0.9014. The current negativity in the Stochastic indicator might cause some temporary sideways fluctuation before resuming the expected bullish bias. It is important to hold above 0.8885 to maintain the bullish wave.
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Expected Trading Range:
- Support: 0.8880
- Resistance: 0.9020
Trend Forecast:
Bullish
