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USD/CHF Forecast: Pullback Within Upward Trend

The USD/CHF pair is experiencing a temporary pullback within its ongoing upward trend. While the short-term trend remains bullish, there is a risk of a deeper correction.

Technical Analysis:

Upward Trend: The USD/CHF pair is in a short-term upward trend, with potential for further gains.
Target Levels: The 0.8680 level is a potential target for further upside.
RSI: The Relative Strength Index (RSI) has exited the overbought region, suggesting caution.
Chart Gap: A chart gap opened on Monday morning, which could lead to a potential pullback to 0.8574.

Overall Outlook:

The USD/CHF pair is likely to continue its upward trend, with potential for further gains. However, traders should be cautious due to the potential for a pullback and the need to monitor technical indicators for signs of a trend reversal.

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