USDCHF 12.11.2024

Technical Analysis
Tuesday, November 12, 2024 - 11:34
Point Trader Group

Overall Trend: The trend is upward, with the price approaching a significant resistance level at 0.8823 after a recovery wave.

Expected Scenario: If the price breaks through the resistance level at 0.8823, it may continue rising to the next resistance level at 0.8852.

Alternative Scenario: If the price fails to surpass the 0.8823 resistance, it may retreat to the support level at 0.8737.

Key Levels:

Resistance: 0.8823 - 0.8852

Support: 0.8737

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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