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- USD / CHF is trading near the highs of the end of July
USD / CHF is trading near the highs of the end of July
Today, the USD/CHF pair is trading mainly with growth in the range of Chf0. 9290-0.9350 - near the highs of the end of July. On the hourly chart, the pair is trading above the moving average line MA (200) H1 (Chf0. 9160), and on the four - hour chart-above MA (200) H4 (Chf0.8990). In this situation, it is probably worth sticking to the north direction in trading and looking for exit points to buy. It is worth noting that the 14-day relative strength index (RSI (14) on D1) is above the level of 70, which signals a possible change in the direction of price movement.
⦁ Resistance levels are: Chf0.9350, Chf0.9410, Chf0.9465
⦁ Support levels are: Chf0.9255, Chf0.9135-60, Chf0.9025
The main scenario for the pair's promotion - breakout of the resistance Chf0.9350 (July 22 high, session high) and then, maybe, a rise to Chf0.9410 (July 20 high).
An alternative scenario - correction and may be a decline to Chf0. 9255 (March 5 low)
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