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- The USD / CHF pair fell below the MA (200) H1
The USD / CHF pair fell below the MA (200) H1
Today, the USD/CHF pair declined from Chf0. 8900 to Chf0.8860 and fell below the MA (200) H1 moving average line (Chf0.8890). On the four-hour chart, the pair is testing MA (200) H4 (Chf0. 8870). Technically speaking, the support of Chf0. 8850 may keep USD / CHF from further decline. 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. 8900
⦁ Resistance levels are: Chf0.8900, Chf0.8925, Chf0.8955
⦁ Support levels are: Chf0.8850, Chf0.8820, Chf0.8755-75
The main scenario for the pair's promotion - break in the support of Chf0. 8850 (January 13 low) and, perhaps, a decline in the pair to Chf0.8820 (January 8 low)
An alternative scenario - correction, breakout of the session high of Chf0. 8900 and the pair's growth to Chf0. 8925 (January 18 high)
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