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- USD / CHF remains below MA (200) H1
USD / CHF remains below MA (200) H1
Today, the USD/CHF pair is trading with an increase from Chf0. 8930 to Chf0.8970, but on the hourly chart it remains below the MA (200) H1 moving average line (Chf0.8980). On the four-hour chart, the pair is trading well below MA (200) H4 (Chf0. 9025). In this situation, it is probably necessary to stick to the southern direction in trading, and it is worth looking for an exit point to sell, at the end of the correction.
⦁ Resistance levels are: Chf0.8980-90, Chf0.9010, Chf0.9050
⦁ Support levels are: Chf0.8925-30, Chf0.8870, Chf0.8840
The main scenario for the pair's promotion - correction and may be a decline in the pair to Chf0. 8925-30 (June 9 low, session low)
An alternative scenario - if the Chf0.8980-90 (June 8 and 10 high, MA (200) H1) is broken, the pair can rise to Chf0. 9010 (June 7 high)
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