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- USD/CHF is testing support for MA 200 H1
USD/CHF is testing support for MA 200 H1
Yesterday, the USD/CHF was trading lower and closed the day in the red around the Chf0.9245. Today it rallied slightly, rising to Chf0.9265. On the hourly chart, USD/CHF is testing its support - the MA (200) H1 (Chf0.9255) moving average line. On the four-hour chart, it remains above the MA 200 H4 line for now. Based on the above, 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 at the end of the correction.
Resistances levels are at: Chf0.9310-20, Chf0.9375, Chf0.9400
Support levels are at: Chf0.9230, Chf0.9190, Chf0.9135
Probably, the main scenario - is a further rise to Chf0.9310 (Mar 11 high). Alternative scenario - may be consolidation below the MA 200 H1 level, followed by a decline to Chf0.9135 (Mar 2 low).
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