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- USD/CHF is trading near a five-week low
USD/CHF is trading near a five-week low
Today, the USD/CHF pair is trading in the range of Chf0. 9040-75-near the five-week low reached yesterday. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Chf0. 9160) and on the four - hour chart-below MA (200) H4 (Chf0.9170). In this situation, it is probably worth sticking to the southern direction in trading and looking for exit points for sale.
⦁ Resistance levels are: Chf0.9075, Chf0.9100, Chf0.9160-65
⦁ Support levels are: Chf0.9040, Chf0.9010, Chf0.8965
The main scenario for the pair's promotion - if the session minimum of Chf0. 9040 is broken, the pair may fall to Chf0. 9010 (June 15 high)
An alternative scenario - breakout of the session maximum of Chf0. 9075 and there may be an increase to Chf0. 9100 (July 29 high)
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