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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. 9045-65-near the five-week low reached on Friday. On the hourly chart, the pair fell below the moving average line MA (200) H1 (Chf0. 9140) and on the four - hour chart-below MA (200) H4 (Chf0.9175). 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, Chf0.9140, Chf0.9165-85
⦁ Support levels are: Chf0.9040, Chf0.9010, Chf0.8965
The main scenario for the pair's promotion - if the support of Chf0. 9040 (July 30 low) is broken, the pair may fall to Chf0. 9010 (June 15 low)
An alternative scenario - The resistance breakout is Chf0. 9075 (July 30 high) and there may be an increase to MA (200) H1 (Chf0. 9140)
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