Technical Analysis
20.11.2020, 12:56

The USD / CHF pair fell below the MA (200) H1

Today, the USD/CHF pair is trading in the range of Chf0. 9090-0.9125 and has fallen below the  moving average MA (200) H1 (Chf0.9120). The situation is similar on the four-hour chart. If The chf0.9130-40 area is broken, the pair may follow a correction to Chf0.9160. 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: Chf0.9130-40, Chf0.9160, Chf0.9190

Support levels are at:  Chf0.9090, Chf0.9060, Chf0.8980

The main scenario for the pair's promotion -  breakout of support for Chf0. 9090 (November 17 low) and continuation of the downward movement to Chf0. 9060 (October 27 low)

An alternative scenario - if the chf0.9130-40 area is broken (maximum on November 19, MA (200) H1), then the pair is likely to grow to Chf0.9160 (November 13 high).

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