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- USD/CHF is trading near a 2-week high.
USD/CHF is trading near a 2-week high.
Today, the USD/CHF pair is trading in the range of Chf0.9200-25 - about a 2-week high. On the hourly chart, the pair has risen above the moving average line MA (200) H1 (Chf0.9165) and on the four-hour chart it is testing MA (200) H4 (Chf0.9220). Technically speaking, the resistance of Chf0.9255 can keep USD/CHF from further growth. If it breaks through, prices may rise to Chf0.9295. The lower bound of Chf0.9200 represents the support level.
⦁ Resistance levels are: Chf0.9255, Chf0.9295, Chf0.9335
⦁ Support levels are: Chf0.9200, Chf0.9165, Chf0.9135
The main scenario for the pair's promotion — breakout of the session minimum of Chf0.9200 and there may be a decrease to Chf0.9165 (January 6 low, MA (200) H1)
An alternative scenario — the pair may grow to Chf0.9255 (December 16 and 20-22 high)
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