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- The USD / CHF pair rose slightly above the MA (200) H1
The USD / CHF pair rose slightly above the MA (200) H1
Today, the USD/CHF pair is trading mainly with growth in the range of Chf0. 8880-0.8910, and rose slightly above the MA (200) H1 moving average line (Chf0.8880). On the four-hour chart, the pair is also trading above MA (200) H4 (Chf0. 8865). Technically speaking, the resistance of Chf0. 8920-25 may keep USD / CHF from rising further. If it breaks through, the price may rise to Chf0. 8945. Session low and MA (200) H1 (Chf0. 8880) is the nearest support. If it is passed, the pair may follow a correction to Chf0. 8860. The most likely range of the pair's movement for today may be hidden within the existing range of Chf0. 8880-0. 8925
⦁ Resistance levels are: Chf0.8920-25, Chf0.8945, Chf0.9010
⦁ Support levels are: Chf0.8880, Chf0.8860, Chf0.8840
The main scenario for the pair's promotion - correction, breakout of MA (200) H1 (Chf0. 8880), and maybe a decline of the pair to Chf0. 8860 (January 27 low)
An alternative scenario - if the resistance of Chf0. 8920-25 (January 18 and 20 highs) is broken, the pair can rise to Chf0. 8945 (December 7 high)
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