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- USD / CHF is trading near a two-month high
USD / CHF is trading near a two-month high
Today, the USD/CHF pair is trading in the range of Chf0. 8945-85-near a two-month high, after a sharp rise yesterday from Chf0.8895 to Chf0.8970. On the hourly chart, USD / CHF rose above the moving average line of MA (200) H1 (Chf0. 8890) and on the four - hour chart-above MA (200) H4 (Chf0.8870). In this situation, it is probably worth sticking to the north direction in trading and looking for exit points to buy.
⦁ Resistance levels are: Chf0.8985-0.9010, Chf0.9090, Chf0.9145
⦁ Support levels are: Chf0.8945, Chf0.8890-95, Chf0.8860
The main scenario for the pair's promotion - breakout of the session high of Chf0. 8985 and the resistance of Chf0. 9010 (December 2 high) and may be an increase to Chf0. 9090 (November 30 high)
An alternative scenario - if the session low of Chf0. 8945 is broken, the pair may fall to Chf0.8890-95 (February 1 low, MA (200) H1)
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