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- USD / CHF is trading near a more than two-month low
USD / CHF is trading near a more than two-month low
Today, the USD/CHF pair is trading in the Chf0.9060-90 range-near a more than two-month low. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Chf0. 9120) and on the four-hour chart, it is trading below MA (200) H4 (Chf0.9240). In this situation, you should probably stick to the southern direction in trading and should look for exit points for sale
⦁ Resistance levels are: Chf0.9090, Chf0.9120, Chf0.9145-65
⦁ Support levels are: Chf0.9060, Chf0.9025, Chf0.8945
The main scenario for the pair's promotion - breakout of the session low of Chf0. 9060 and maybe a decline to Chf0. 9025 (February 25-26 low)
An alternative scenario - breakout from the session high of Chf0. 9090 and may be an increase to MA (200) H1 (Chf0. 9120)
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