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- The USD / CHF pair fell to a new multi-year low
The USD / CHF pair fell to a new multi-year low
Today, the USD/CHF pair fell from Chf0. 8845 to Chf0.8790, reaching a new multi-year low, and losing all positions gained at the end of trading on December 31. On the hourly chart, the pair is trading below the moving average line of MA (200) H1 (Chf0. 8860) and on the four - hour chart-significantly below MA (200) H4 (Chf0.8950). In this situation, finding a sell position can be a wise decision for those who want to take advantage of the stronger Swiss currency.
⦁ Resistance levels are: Chf0.8855-60, Chf0.8890, Chf0.8920
⦁ Support levels are: Chf0.8790, Chf0.8700, Chf0.8600
The main scenario for the pair's promotion - breakout of the session low of Chf0. 8790 and may be a decline to the psychological level of Chf0. 8700
An alternative scenario - correction and may be growth of the pair to Chf0. 8855-60 (December 30-31 highs, MA (200) H1)
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