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- The USD / CHF pair rose, but remains below the MA (200) H4
The USD / CHF pair rose, but remains below the MA (200) H4
Today, since the beginning of trading, the USD/CHF pair has declined from Chf0. 8895 to Chf0.8875, but during the European session it rose, regaining all lost positions. Note that during yesterday's US trading, the pair rose sharply from Chf0. 8845 to Chf0.8905. On the hourly chart, MA (200) H1 remains above the moving average line of MA (200) H1 (Chf0.8865), but on the four-hour chart, it is trading well below MA (200) H4 (Chf0.9000). Based on this, it is probably worth sticking to the southern direction in trading and, at the end of the correction, look for a point of exit to sell.
⦁ Resistance levels are: Chf0.8905-20, Chf0.8945, Chf0.9000
⦁ Support levels are: Chf0.8865-75, Chf0.8845, Chf0.8820
The main scenario for the pair's promotion - correction, breakout of the session low Chf0. 8875 and MA (200) H1 (Chf0. 8865), and there may be a decline in the pair to Chf0. 8845 (December 22 low)
An alternative scenario - if the Chf0.8905-20 (December 21-22 highs) area is broken, then the pair is likely to grow to Chf0. 8945 (December 7 high)
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