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- USD/CHF continues to rise on Friday
USD/CHF continues to rise on Friday
On Friday, the USD/CHF was trading higher and closed the day in positive territory around the Chf0.9165. It also rose slightly today, climbing up to Chf0.9175. On the hourly chart, USD/CHF is still trading above the MA line (200) H1 (Chf0.9090). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the northern direction in trading, and while the USD/CHF remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.
Resistances levels are at: Chf0.9195, Chf0.9215, Chf0.9240
Support levels are at: Chf0.9140, Chf0.9125, Chf0.9090
Probably, the main scenario - is a further rise towards Chf0.9195 (Oct 8 high). Alternative scenario - may be consolidation below MA 200 H1, followed by a decline towards Chf0.9030 (Oct 21 low).
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