USDCHF: Signal for growth!

USDCHF, H4

The asset is testing a significant resistance level at 0.8242. The price is not updating its local lows, which indicates buyer strength. The MACD indicator shows a bullish divergence.

If the resistance level of 0.8242 is broken, we can expect growth to 0.8337.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: FBS Analyst Team

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