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- USD / CHF is trading slightly above the lowest value since the beginning of the month
USD / CHF is trading slightly above the lowest value since the beginning of the month
Today, the USD/CHF pair is trading mainly with growth in the range of Chf0. 8890-0.8930 - slightly above the minimum value since the beginning of the month of Chf0.8890, reached on Wednesday. On the hourly chart, the pair remains below the moving average line of MA (200) H1 (Chf0. 8965), but on the four-hour chart it rose above MA (200) H4 (Chf0.8890). Technically speaking, the strong support level of Chf0. 8890 kept the pair from further declining. The upper limit of Chf0. 8930 represents the resistance level. If this level is passed, prices may rise to MA (200) H1 (Chf0. 8965).
⦁ Resistance levels are: Chf0.8930, Chf0.8965, Chf0.9020
⦁ Support levels are: Chf0.8890, Chf0.8860, Chf0.8840
The main scenario for the pair's promotion - correction, breakout of support for Chf0. 8890 (February 1 and 10 low) and may be a decline to Chf0.8860 (January 26-27low).
An alternative scenario - breakout of resistance Chf0.8930 (January 10 high, session high) and may be an increase to MA (200) H1 (Chf0.8965).
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