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- USD / CHF tests support for MA (200) H1
USD / CHF tests support for MA (200) H1
Today, the USD/CHF pair rose from Chf0. 9230 to Chf0.9320 and rose slightly above the MA (200) H1 moving average line (Chf0.9265). On the four-hour chart, the pair remains above MA (200) H4 (Chf0. 9040). In this situation, it is probably worth sticking to the north direction in trading and should look for an exit point to buy. Technically speaking, the resistance of Chf0. 9320 may keep prices from rising further. The lower bound of Chf0. 9230 represents the nearest support level.
⦁ Resistance levels are: Chf0.9320, Chf0.9475, Chf0.9410
⦁ Support levels are: Chf0.9230, Chf0.9180, Chf0.9135
The main scenario for the pair's promotion - breakout of Chf0.9320 resistance (March 10 high, session high) and may be an increase to Chf0.9475 (March 9 high)
An alternative scenario - correction and decline to Chf0. 9230 (March 11 low, session low)
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