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- USD / CHF is trading near a two-week high
USD / CHF is trading near a two-week high
Today, the USD/CHF pair is trading in the range of Chf0. 9030-55 - near a two-week high, after a sharp rise yesterday from Chf0.8975 to Chf0.9050. On the hourly chart, the pair has risen above the moving average line MA (200) H1 (Chf0. 8985) and on the four-hour chart, it is testing the strength of MA (200) H4 (Chf0.9055). Technically speaking, the resistance area of Chf0. 9055 may keep prices from rising further. The MA (200) H1 (Chf0.8985) line represents the support level. The most likely range of the pair's movement for today may be hidden within the range of Chf0.8985-0.9055
⦁ Resistance levels are: Chf0.9055, Chf0.9090, Chf0.9145
⦁ Support levels are: Chf0.9030, Chf0.8975-85, Chf0.8945
The main scenario for the pair's promotion - correction and may be reduced to MA (200) H1 (Chf0.8985)
An alternative scenario - if the resistance of Chf0.9055 (session high, MA (200) H1) is broken, the pair can rise to Chf0. 9090 (May 12-13 high)
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