- Analytics
- Market analysis
- Technical Analysis
- The USD / CHF pair fell to a more than two-month low
The USD / CHF pair fell to a more than two-month low
The USD/CHF pair continues to decline and fell from Chf0. 9055 to a low on August 31 and September 1 (Chf0.9000). This is also the lowest value since October 2013. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Chf0. 9120), and on the four - hour chart-below MA (200) H4 (Chf0.9145). A break in the support of Chf0. 9000 may push the pair's decline to Chf0.8970. On the other hand, USD/CHF may still rise to the session high of Chf0. 9055. But most likely, finding a sell position may be a wise decision for those who want to take advantage of the stronger Swiss franc.
⦁ Resistance levels are at: Chf0.9055,Chf0.9120-30, Chf0.9210
⦁ Support levels are at: Chf0.9000, Chf0.8970, Chf0.8900
The main scenario for the pair's promotion - breakout of Chf0. 9000 (August 31 and September 1 low, session low) and decline to Chf0. 8970 (October 3’2013 low)
An alternative scenario - correction and may be an increase to the session maximum of Chf0. 9055.
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