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- The USD / CHF pair fell to a nine-year low
The USD / CHF pair fell to a nine-year low
Today, the USD/CHF pair continues to decline and fell to a nine-year low of Chf0.8885. On the hourly chart, the pair is trading below the moving average line MA (200) H1 (Chf0. 9030) and on the four - hour chart-below MA (200) H4 (Chf0.9090). Based on this, finding a sell position can probably be a wise decision for those who want to take advantage of the stronger Swiss franc. It is worth noting that the 14-day relative strength index (RSI (14) on D1) is below the level of 30, which signals a possible change in the direction of price movement.
⦁ Resistance levels are at: Chf0.8955, Chf0.9010-30, Chf0.9055
⦁ Support levels are at: Chf0.8885, Chf0.8800, Chf0.8700
The main scenario for the pair's promotion - breakout of the session low Chf0. 8885 and continuation of the downward movement to the psychological level Chf0. 8800
An alternative scenario - if yesterday's high of Chf0.8955 is broken, the pair is likely to grow to Chf0. 9010-30 (December 2 high, MA (200) H1)
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