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- USD / CHF tests MA (200) H1
USD / CHF tests MA (200) H1
Today, the USD/CHF pair is trading down from Chf0. 9310 to Chf0.9245 and testing the MA (200) H1 moving average line (Chf0.9275). However, on the four-hour chart, the pair remains well above MA (200) H4 (Chf0.9105). In this situation, it is probably worth sticking to the north direction in trading and should look for an exit point to buy, at the end of the correction. Technically speaking, the support of Chf0. 9210-30 may keep the pair from further decline. The upper limit of Chf0. 9310-25 represents the main resistance level.
⦁ Resistance levels are: Chf0.9275, Chf0.9310-25, Chf0.9375
⦁ Support levels are: Chf0.9210-30, Chf0.9180, Chf0.9135
The main scenario for the pair's promotion - correction and may be an increase to Chf0. 9310-25 (March 10-15 and 19 highs, session high)
An alternative scenario - if the area of Chf0.9210-30 (March 12 and 17-18 lows) is broken, the pair may fall to Chf0. 9180 (March 4 low)
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