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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 mainly with a decline in the range of Chf0. 8875-0.8900, and is testing the MA (200) H1 moving average line (Chf0.8880). On the four-hour chart, the pair is trading slightly above MA (200) H4 (Chf0.8860). Technically speaking, the support of Chf0. 8860 may keep USD / CHF from further declining. If it breaks through, the price may drop to Chf0. 8840. The session high of Chf0. 8900 is the nearest resistance. If it is passed, the pair may follow a correction to Chf0. 8920-25. The most likely range of the pair's movement for today may be hidden within the range of Chf0. 8860-0. 8900
⦁ Resistance levels are: Chf0.8900, Chf0.8920-25, Chf0.8945
⦁ Support levels are: Chf0.8860, Chf0.8840, Chf0.8820
The main scenario for the pair's promotion - decline to Chf0. 8860 (January 27 low), and then, maybe, decline of the pair to Chf0.8840 (January 22 low)
An alternative scenario - if the session high of Chf0. 8900 is broken, the pair can rise to Chf0. 8920-25 (January 18, 20 and 28 highs)
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