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- USD / CHF is trading below MA (200)
USD / CHF is trading below MA (200)
Today, before the start of European trading, the USD/CHF pair fell from Chf0. 8840 to Chf0.8815, reaching a new multi-year low, but later rose sharply to Chf0.8855. On the hourly chart, the pair is trading below the moving average line of MA (200) H1 (Chf0. 8865) and on the four - hour chart-significantly below MA (200) H4 (Chf0.8970). 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: Chf0.8865, Chf0.8890, Chf0.8920
⦁ Support levels are: Chf0.8815, Chf0.8800, Chf0.8700
The main scenario for the pair's promotion - correction and decline to the session low Chf0. 8815
An alternative scenario - if the resistance of MA (200) H1 (Chf0.8865) is broken, then the pair is likely to grow to Chf0. 8890 (December 16 and 29 high)
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