
“USDCHF declined in its latest intraday session, encountering resistance at 0.8070, which was the expected target highlighted in our previous analysis. The pair retraced some of its earlier gains while attempting to build bullish momentum to challenge this resistance. The relative strength indicators, having reached overbought levels, are showing negative signals, suggesting a need to offload some of the excess. Nonetheless, trading above the EMA50 provides underlying support, and the dominance of the short-term bullish trend continues to reinforce the potential for further upward movement.”
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