USD/CHF Price Forecast: Sticks to gains below 0.7800 on firmer USD; bearish bias persists
The USD/CHF pair attracts some buyers at the start of a new week and reverses Friday's decline to the 0.7760 area, or its lowest level since March 10. Spot prices, however, struggle to capitalize on the intraday move up and remain below the 0.7800 mark through the early part of the European session.
The USD/CHF pair is likely to face continued selling pressure as it struggles to maintain gains above the 0.7800 level. A bearish bias may prevail, leading prices to test lower support levels.
The USD/CHF pair attracts some buyers at the start of a new week and reverses Friday's decline to the 0.7760 area, or its lowest level since March 10. Spot prices, however, struggle to capitalize on the intraday move up and remain below the 0.7800 mark through the early part of the European session.
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