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- USD/CHF is declining and testing MA (200) H1
USD/CHF is declining and testing MA (200) H1
Today, since the start of trading, the USD/CHF pair has slightly increased from Chf0.9230 to Chf0.9250, but during the European session it decreased to Chf0.9220. On the hourly chart, the pair is testing the MA (200) H1 moving average line (Chf0.9225). The situation is similar on the four-hour chart. Technically speaking, the resistance of Chf0.9255 kept USD/CHF from further growth. If it breaks through, prices may rise to Chf0.9295. The lower bound of Chf0.9195 represents the support level. The most probable range of the pair's movement today may be hidden within the existing range of Chf0.9195-0.9255.
⦁ Resistance levels are: Chf0.9255, Chf0.9295, Chf0.9335
⦁ Support levels are: Chf0.9195, Chf0.9160-75, Chf0.9100
The main scenario for the pair's promotion — it is possible to reduce the pair to Chf0.9195 (December 21 low)
An alternative scenario — correction and there may be an increase to Chf0.9255 (December 16 and 21 highs)
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