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- USD / CHF has consolidated below MA (200) H1
USD / CHF has consolidated below MA (200) H1
Today, the USD/CHF pair continues the decline that began at the beginning of the week and fell to a two-week low of Chf0. 9285. The pair broke through the support of Chf0. 9350, which became the nearest resistance. On the hourly chart, the pair has settled below the moving average line MA (200) H1 (Chf0. 9395), but on the four-hour chart it remains slightly above MA (200) H4 (Chf0.9250). In this situation, it is probably worth starting to stick to the south direction in trading, and maybe you should look for a point of exit for sale.
⦁ Resistance levels are: Chf0.9350, Chf0.9395, Chf0.9440
⦁ Support levels are: Chf0.9250, Chf0.9210-20, Chf0.9135
The main scenario for the pair's promotion - breakout of support for Chf0. 9250 (March 19 low) and may be a decline to Chf0.9210-20 (March 17-18 and 22 lows)
An alternative scenario - correction, breakout of the resistance of Chf0. 9350 (March 25 and April 5 low) and may be an increase to Chf0.9395 (April 6 high, MA (200) H1
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