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- USD / CHF tests MA (200) H1 resistance
USD / CHF tests MA (200) H1 resistance
Today, the USD/CHF pair is trading in the range of Chf0. 9250-Chf0.9300 and is testing the resistance of MA (200) H1 (Chf0.9275). On the four-hour chart, the pair is trading well above MA (200) H4 (Chf0.9100). In this situation, it is probably worth sticking to the north direction in trading and should look for exit points to buy. Technically speaking, the resistance of Chf0. 9305-25 may keep prices from rising further. The lower bound of Chf0. 9210 represents the main support level.
⦁ Resistance levels are: Chf0.9305-25, Chf0.9375, Chf0.9410
⦁ Support levels are: Chf0.9250, Chf0.9210, Chf0.9135
The main scenario for the pair's promotion - breakout of the area Chf0.9305-25 (March 10-15 and 18 highs) and may be an increase to Chf0.9375 (March 9 high)
An alternative scenario - correction, breakout of the session low of Chf0. 9250 and may be a decline to Chf0. 9210 (March 17 low)
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