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- USD / CHF tests MA (200) H1 resistance
USD / CHF tests MA (200) H1 resistance
Today, the USD/CHF pair is trading in the range of Chf0. 8975-0.9000 and is testing the MA (200) H1 moving average line (Chf0.8980) on the hourly chart. On the four-hour chart, the pair is trading well below MA (200) H4 (Chf0.9020). 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: Chf0.9000, Chf0.9025, Chf0.9050
⦁ Support levels are: Chf0.8975, Chf0.8925-30, Chf0.8870
The main scenario for the pair's promotion - correction and may be a decline of the pair to Chf0. 8925-30 (June 9 and 11 lows)
An alternative scenario - if the resistance of Chf0.9000 (June 11 high, session high) is broken, the pair can rise to Chf0. 9025 (June 2 high)
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