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- USD/CHF remains above MA 200 H1
USD/CHF remains above MA 200 H1
On Friday, the USD/CHF was trading higher and closed the day in positive territory around the Chf0.9090. Today it was trading in a narrow range of Chf0.9070-85, staying close to Friday's close. On the hourly chart, USD/CHF is still trading above the moving average MA line (200) H1 (Chf0.9005). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the USD/CHF remains above MA 200 H1, it may be necessary to look for buy entry points for the formation of a correction.
Resistances levels are at: Chf0.9100, Chf0.9135-45, Chf0.9165
Support levels are at: Chf0.9030, Chf0.8995, Chf0.8935-50
Probably, the main scenario - is a further rise to Chf0.9100 (Feb 26 high). Alternative scenario - may be final consolidation below MA 200 H1, followed by a decline towards Chf0.8875 (Feb 16 low).
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