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- USD / CHF remains below MA (200) H1
USD / CHF remains below MA (200) H1
Today, the USD/CHF pair is trading in the range of Chf0. 9080-0.9105, after falling yesterday to a more than one-week low of Chf0.9050. On the hourly chart, the pair remains below MA (200) H1 (Chf0. 9120). The situation is similar on the four-hour chart. The strong support level of Chf0. 9050 keeps USD / CHF from further decline. If it breaks through, the pair may decline to Chf0. 9000. Yesterday's high and MA (200) H1 (Chf0.9120) represents the resistance level. If it is passed, USD/CHF may follow a correction to Chf0. 9160. The most likely range of movement of the pair today may be hidden within the range of Chf0. 9050-0.9120.
⦁ Resistance levels are at: Chf0.9120, Chf0.9160, Chf0.9200
⦁ Support levels are at: Chf0.9080, Chf0.9050, Chf0.9000
The main scenario for the pair's promotion - breakout of the session low Chf0. 9080 (September 3 low), and a likely decline to Chf0.9050 (September 10 low).
An alternative scenario - break of yesterday's high and MA (200) H1 (Chf0. 9120), and the pair's likely growth to Chf0.9160 (September 6 high).
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