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The CADCHF pair remains largely unchanged, continuing to fluctuate below the significant resistance level at 0.6020. Market activity shows a period of sideways movement, reflecting a divergence between the positive signals from the stochastic indicator and the persistent bearish trend within the established channel.
Accumulating negative momentum suggests that bearish waves are likely to develop, targeting support near 0.5910. A confirmed break below this level could extend the decline toward key support zones at 0.5845 and 0.5780.
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Today’s anticipated trading range is between 0.5910 and 0.6000.
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Trend Outlook: Bearish
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