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Forex

USD/CHF Bearish Flag Keeps 0.8145 in Focus Amid Flattened Momentum

Guavy AI Editorial Team
Instruments
USD CHF
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The USD/CHF currency pair is currently trading near the top trendline of a bearish flag formation, holding steady at around 0.8034 after the release of good inflation data on the producer side.

Despite bullish market conditions, with successive higher highs and higher lows intact, momentum has flattened as indicated by the Relative Strength Index (RSI).

This suggests that buyers need to be cautious about a potential pullback if USD/CHF tumbles below 0.8000 for further upside.

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