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- USD/CHF rose slightly, but remains near a near-one-month low
USD/CHF rose slightly, but remains near a near-one-month low
Today, the USD/CHF pair rose slightly from Chf0.9085 to Chf0.9115 and is trading near a nearly one-month low. The pair is trading below the moving average line of MA (200) H1 (Chf0.9155), and remains below MA (200) H4 (Chf0.9140) on the four-hour chart. In this situation, it is probably worth sticking to the southern direction in trading and, at the end of the correction, look for points of entry to sell. Support for Chf0.9085 can keep USD/CHF from falling. In the case of its breaking, the pair may fall to Chf0.9050-55. On the other hand, if yesterday's high of Chf0.9125 is broken, the pair may rise to MA (200) H1 (Chf0.9155).
⦁ Resistance levels are at: Chf0.9125, Chf0.9155, Chf0.9195
⦁ Support levels are at: Chf0.9085, Chf0.9050-55, Chf0.9000
The main scenario for the pair's promotion - breakout of support for Chf0.9085 (October 12 low, session low) and a likely decline in the pair to Chf0.9050-55 (September 10 and 15-16 lows)
An alternative scenario - break of yesterday's high Chf0.9125 and possible growth of the pair to MA (200) H1 (Chf0.9155).
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