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USD/CHF Price Forecast: Consolidates in bearish triangle, threatens breakdown

USD/CHF Price Forecast: Consolidates in bearish triangle, threatens breakdown

USD/CHF extends its losses for the second consecutive trading day, down 0.14%, yet it remains trading confined to the 0.7718-0.7757 range for the last three days. At the time of writing, exchanges hands at 0.7729 above the 20-day Simple Moving Average (SMA) at 0.7726.

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