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USDCHF Price Under Negative Pressure – Forecast for Today, July 4, 2024

by Jennifer

USDCHF Price Analysis

Expected Scenario

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Yesterday, the USDCHF price encountered significant downward pressure, approaching the 0.9014 level and attempting a breakout. However, it closed the daily candlestick exactly at this level. Technical indicators are showing positive signals that are expected to support a rebound in prices.

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Therefore, we anticipate positive trading in the upcoming sessions, with the next main target set at 0.9200. It’s important to note that a break below 0.8990 could halt the expected upward movement and subject the price to corrective bearish pressure once again.

Expected Trading Range

Support: 0.8950

Resistance: 0.9090

Trend Forecast: Bullish

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