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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 with a decline, reaching the lowest value since the beginning of the month, Chf0. 8870. On the hourly chart, the pair is trading below the moving average line MA (200) H1 (Chf0. 8945), and on the four - hour chart-slightly below MA (200) H4 (Chf0.8895). In this situation, finding a sell position can be a wise decision for those who want to take advantage of the stronger Swiss franc.
⦁ Resistance levels are: Chf0.8900, Chf0.8940-45, Chf0.9000-20
⦁ Support levels are: Chf0.8840-60, Chf0.8820, Chf0.8755
The main scenario for the pair's promotion - continuation of the downward movement to Chf0. 8840-60 (January 21-27 lows).
An alternative scenario - breakout of the session high of Chf0. 8900 and may be an increase to the area of Chf0.8940-45 (February 12 high, MA (200) H1)
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