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- USD/CHF is testing the MA (200) H1
USD/CHF is testing the MA (200) H1
Today, the USD/CHF pair is trading mainly with growth in the range of Chf0. 8875-95, and is testing the MA (200) H1 moving average line (Chf0.8880). On the four-hour chart, the pair is trading above MA (200) H4 (Chf0. 8865). Technically speaking, the session high of Chf0. 8895 may keep USD / CHF from rising. If it breaks through, the price may rise to Chf0. 8920-25. The session low of Chf0. 8875 is the nearest support. If it is passed, then the pair may follow the correction of up to Chf0.8840-45. The most likely range of the pair's movement for today may be hidden within the existing range of Chf0. 8875-95.
⦁ Resistance levels are: Chf0.8895, Chf0.8920-25, Chf0.8945
⦁ Support levels are: Chf0.8875, Chf0.8840-45, Chf0.8820
The main scenario for the pair's promotion - break of the session low of Chf0. 8875 and, perhaps, a decline of the pair to Chf0.8840-45 (January 22-23 lows)
An alternative scenario - if the session high of Chf0. 8840-45 is broken, the pair can rise to Chf0.8920-25 (January 18 and 20 high)
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