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- USD / CHF remains below MA (200) H1
USD / CHF remains below MA (200) H1
Today, the USD/CHF pair is trading in the range of Chf0. 9240-85 to Chf0.9320 and remains below the MA (200) H1 moving average line (Chf0.9290). On the four-hour chart, the pair is trading well above MA (200) H4 (Chf0. 9070). 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, support for Chf0. 9230 may keep prices from falling further. The upper limit of Chf0. 9180 represents the main resistance level.
⦁ Resistance levels are: Chf0.9285-90, Chf0.9325, Chf0.9375
⦁ Support levels are: Chf0.9230, Chf0.9180, Chf0.9135
The main scenario for the pair's promotion - correction, breakout of the session high of Chf0. 9285 and MA (200) H1 (Chf0. 9290) and may be an increase to Chf0. 9325 (March 10 and 12 high)
An alternative scenario - breakout of support for Chf0. 9230 (March 11-12 low) may be a decline to Chf0. 9180 (March 4 low)
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