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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 in the range of Chf0. 8900-25-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 MA (200) H1 (Chf0. 8960), but on the four-hour chart it remains slightly above MA (200) H4 (Chf0.8890). Technically speaking, a strong support level of Chf0. 8890 may keep the pair from further declining. The upper limit of Chf0. 8940-60 represents the resistance level.
⦁ Resistance levels are: Chf0.8940-60, Chf0.9000-20, Chf0.9045
⦁ Support levels are: Chf0.8890, Chf0.8860, Chf0.8840
The main scenario for the pair's promotion - breakout of support for Chf0. 8890 (February 1 and 10 low) and may be a decline to Chf0.8860 (January 26-27 low).
An alternative scenario - breakout of the area Chf0.8940-60 (February 12 high, MA (200) H1) and may be an increase to Chf0.9000-20 (February 3 and 8 highs)
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