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- USD/CHF dropped to a 2-week low
USD/CHF dropped to a 2-week low
Today, the USD/CHF pair continues yesterday's decline and dropped from Chf0.9150 to a 2-week low of Chf0.9110. On the hourly chart of USD/CHF, the pair fell below the moving average line of MA (200) H1 (Chf0.9195) and on the four-hour chart - below MA (200) H4 (Chf0.9205). In this situation, a scenario of further decline of the USD/CHF pair is likely. Finding a position to sell can be a wise decision for those who want to take advantage of a stronger Swiss franc.
⦁ Resistance levels are: Chf0.9150, Chf0.9195, Chf0.9245
⦁ Support levels are: Chf0.9085-0.9100, Chf0.9050, Chf0.9020
The main scenario for the pair's promotion — there may be a decrease in the pair to Chf0.9085-0.9100 (November 1-3, 9-10 and December 31 lows)
An alternative scenario — breakout of the session maximum Chf0.9150 and there may be an increase to MA (200) H1 (Chf0.9195)
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