- Analytics
- Market analysis
- Technical Analysis
- USD/CHF is trading near a seven-week low
USD/CHF is trading near a seven-week low
Today, the USD/CHF pair declined (from Chf0. 9090 to Chf0.9040), losing the positions gained yesterday and remains slightly above the seven-week low of Chf0.9030 reached on Wednesday. On the hourly chart, USD / CHF is trading below the moving average line of MA (200) H1 (Chf0. 9105) and on the four - hour chart-below MA (200) H4 (Chf0.9145). Most likely, finding a sell position can be a wise decision for those who want to take advantage of the stronger Swiss franc. The most likely range of price movement today may be hidden within the range of Chf0. 9030-0.9110.
⦁ Resistance levels are at: Chf0.9090-0.9110, Chf0.9165, Chf0.9195
⦁ Support levels are at: Chf0.9030, Chf0.9000, Chf0.8970
The main scenario for the pair's promotion - decline to Chf0. 9030 (October 21 low) and then maybe to Chf0. 9000 (August 31 and September 1 low)
An alternative scenario - possible growth of the pair to Chf0. 9090-0. 9110 (October 20 high, MA (200) H1, session high)
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