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- USD/CHF is testing the resistance of MA (200) H1
USD/CHF is testing the resistance of MA (200) H1
The USD / CHF pair continues the growth started during yesterday's US trading, and rose to Chf0. 8955, retreating from an almost three-week low (Chf0. 8870). On the hourly chart, the pair is testing the moving average line MA (200) H1 (Chf0. 8935), and on the four-hour chart it rose above MA (200) H4 (Chf0.8900). The resistance of Chf0. 8990 may keep USD / CHF from further growth. The Chf0.8870-90 area is the main support.
⦁ Resistance levels are: Chf0.8990, Chf0.9020, Chf0.9045
⦁ Support levels are: Chf0.8870-90, Chf0.8840, Chf0.8820
The main scenario for the pair's promotion - correction and may be a decline to Chf0. 8870-90 (February 10-12 and 16 lows).
An alternative scenario - a rise to the resistance of Chf0. 8990 (February 9 high) and then maybe to Chf0. 9020 (February 8 high)
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