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- USD / CHF is trading near the lowest value since the beginning of the month
USD / CHF is trading near the lowest value since the beginning of the month
Today, the USD/CHF pair is trading in the range of Chf0. 8895-0.8910 - about the lowest value since the beginning of the month, reached yesterday. On the hourly chart, the pair has fallen below the MA (200) H1 (Chf0.8970) moving average line, and on the four-hour chart, it is testing MA (200) H4 (Chf0.8890). Technically speaking, a strong support level of Chf0. 8890 may keep the pair from further declining. Yesterday's high of Chf0. 8930 represents a resistance level. If this level is passed, prices may follow a correction to MA (200) H1 (Chf0.8970).
⦁ Resistance levels are: Chf0.8930, Chf0.8970, Chf0.9020
⦁ Support levels are: Chf0.8890, Chf0.8860, Chf0.8840
The main scenario for the pair's promotion - break of yesterday's low of Chf0. 8890 (February 1 low) and may be a decline to Chf0.8860 (January 26-27 low).
An alternative scenario - break of yesterday's high of Chf0. 8930 and may be an increase to MA (200) H1 (Chf0.8970).
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