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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, before the start of European trading, the USD/CHF pair was trading mainly with a decline from Chf0. 8910 to Chf0.8880, but later rose to Chf0.8920. During writing, the pair has fallen back to Chf0. 8900. On the hourly chart, USD / CHF 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 (Chf0.8990). Based on this, it is probably worth sticking to the southern direction in trading and, at the end of the correction, look for an exit point to sell.
⦁ Resistance levels are: Chf0.8920, Chf0.8945, Chf0.9000
⦁ Support levels are: Chf0.8865-80, Chf0.8845, Chf0.8820
The main scenario for the pair's promotion - correction, breakout of the session low Chf0. 8880 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 resistance of Chf0.8920 (December 7 high, session high) is broken, then the pair is likely to grow to Chf0. 8945 (December 7 high)
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