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- USD/CHF is testing the support of the MA (200) H1
USD/CHF is testing the support of the MA (200) H1
Today, the USD/CHF pair is trading at Chf0. 8865-95, after hitting a new three-week high of Chf0.8925 on Monday. On the hourly chart, the pair is testing the MA (200) H1 moving average line (Chf0. 8885). On the four-hour chart, the situation is similar. Technically speaking, the Chf0.8850-60 area has so far kept USD/CHF from further declining. If it breaks through, the price may fall to Chf0. 8820. The most likely range of the pair's movement for today may be hidden within the existing range of Chf0. 8850-0. 8925
⦁ Resistance levels are: Chf0.8925, Chf0.8955, Chf0.9010
⦁ Support levels are: Chf0.8850-60, Chf0.8820, Chf0.8755-75
The main scenario for the pair's promotion - break in the area Chf0.8850-60 (lows on January 13-15 and 19) and, perhaps, a decline in the pair to Chf0.8820 (January 8 low)
An alternative scenario - correction and growth of the pair to Chf0. 8925 (January 18 high)
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