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- USD / CHF trades slightly above MA 200 H1
USD / CHF trades slightly above MA 200 H1
On Friday, the USD/CHF pair traded mostly with an increase from Chf0. 9230 to Chf0.9320, but closed the day near the price of Chf0.9285. Today, the pair is trading in the range of Chf0. 9275-0.9305 - slightly above the moving average line MA (200) H1 (Chf0.9275). On the four-hour chart, the pair still remains well above the MA (200) H4 (Chf0.9050) line. Based on the above, it is probably worth sticking to the north direction in trading and as long as the pair remains above MA 200, it is necessary to look for entry points to buy.
Resistances levels are at: Chf0.9320, Chf0.9375, Chf0.9400
Support levels are at: Chf0.9275, Chf0.9230, Chf0.9180
Probably, the main scenario - growth to Chf0. 9320 (March 10 and 12 high) and then maybe to Chf0.9375 (March 9 high)
Alternative scenario - may be break of the level MA (200) H1(Chf0. 9275), and there may be a decline to Chf0.9230 (March 11-12 low).
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