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- USD / CHF remains above MA (200) H1
USD / CHF remains above MA (200) H1
Today, the USD/CHF pair is trading mainly with a decline in the range of Chf0. 8960-95, after rising yesterday to a two-week high of Chf0.8995. On the hourly chart, the pair remains above the moving average line MA (200) H1 (Chf0. 8930), and on the four - hour chart-above MA (200) H4 (Chf0.8900). The resistance of Chf0. 8995 kept USD / CHF from further growth. The MA (200) H1 (Chf0.8930) line is the main support. The most likely range of price movement for today may be hidden within the range of Chf0. 8930-95
⦁ Resistance levels are: Chf0.8995, Chf0.9020, Chf0.9045
⦁ Support levels are: Chf0.8930, Chf0.8870-90, Chf0.8840
The main scenario for the pair's promotion - decline to MA (200) H1 (Chf0. 8930) and then maybe to Chf0.8870-90 (February 10-12 and 16 lows).
An alternative scenario - correction, growth to the resistance of Chf0. 8995 (February 17 high, session high) and then, maybe, to Chf0. 9020 (February 8 high)
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