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USDCHF 24.9.2024
General Trend: Downtrend
Expected Scenario:
The price is expected to continue its rise towards the resistance level at 0.8821 if it successfully holds above 0.8743. If positive momentum persists, it could target the higher resistance at 0.9008.
Alternative Scenario:
If the price fails to maintain above 0.8743 and starts to decline, it may test the support level around 0.8485. A break below this level could push the price towards the next support at 0.8383.
Key Levels:
Resistance: 0.8743 – 0.8821 – 0.9008
Support: 0.8485 – 0.8383
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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