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- The USD/CHF is testing the MA 200 H1 resistance
The USD/CHF is testing the MA 200 H1 resistance
Yesterday the USD/CHF traded in different directions in the range Chf0.9120-Chf0.9160 and closed the day without significant changes. Today it rallied slightly, rising to Chf0.9145. On the hourly chart, USD/CHF is testing resistance - the MA (200) H1 (Chf0.9125) moving average line. On the four-hour chart, it remains below the MA 200 H4 line for now. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the USD/CHF remains below MA 200 H1, it may be necessary to look for a sell entry point at the end of the correction.
Resistances levels are at: Chf0.9160, Chf0.9180-90, Chf0.9215
Support levels are at: Chf0.9115, Chf0.9080-95, Chf0.9045
Probably, the main scenario - is a subsequent decline to Chf0.9115 (May 4 low). Alternative scenario - may be consolidation above MA 200 H1 level, with further advance towards Chf0.9215 (Apr 19 high).
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