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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 in the range of Chf0. 9025-65, after rising this week to a three-month high of Chf0.9090. The pair broke through the resistance of Chf0. 9025, which became the nearest support. On the hourly chart, the pair remains above the moving average line MA (200) H1 (Chf0. 8995), and on the four - hour chart-above MA (200) H4 (Chf0.8935). In this situation, it is probably worth sticking to the north direction in trading and, at the end of the correction, look for exit points to buy.
⦁ Resistance levels are: Chf0.9095, Chf0.9145, Chf0.9190
⦁ Support levels are: Chf0.9025, Chf0.8995, Chf0.8930
The main scenario for the pair's promotion - correction, growth to Chf0. 9095 (February 24 high) and then maybe to Chf0. 9145 (November 23 high)
An alternative scenario - breakout of the session low of Chf0. 9025 (February 22 high, February 24 low) and then, perhaps, a decline to MA (200) H1 (Chf0.8995)
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