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- USD / CHF is trading near a near two-week low
USD / CHF is trading near a near two-week low
Today, the USD/CHF pair is trading in the range of Chf0. 8840-60-near a nearly two-week low. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Chf0. 8885) and on the four - hour chart-below MA (200) H4 (Chf0.8865). In this situation, finding a sell position can be a wise decision for those who want to take advantage of a stronger Swiss currency.
⦁ Resistance levels are: Chf0.8860, Chf0.8885, Chf0.8920-25
⦁ Support levels are: Chf0.8820-40, Chf0.8755, Chf0.8700
The main scenario for the pair's promotion - break in the support of Chf0.8820-40 (January 8 low, session low) and, perhaps, a decline in the pair to Chf0.8755 (January 8 low)
An alternative scenario - correction, breakout of the session maximum Chf0. 8860 and the pair's growth to MA (200) H1 (Chf0. 8885)
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