Technical Analysis
24.02.2022, 12:48

USD/CHF is testing MA (200) H1

Today, the USD/CHF pair has risen sharply from Chf0.9170 to Chf0.9250, but at the time of writing it has dropped to Chf0.9215. On the hourly chart, the pair is testing the MA (200) H1 moving average line (Chf0.9215). On a four-hour chart, the setup is similar. Technically speaking, the resistance level of Chf0.9250 keeps prices rising. If it breaks through, the pair may rise to Chf0.9275. The lower bound of Chf0.9150-70 represents the support level.



Resistance levels are: Chf0.9250, Chf0.9275, Chf0.9300

Support levels are: Chf0.9150-70, Chf0.9085-0.9110, Chf0.9050


The main scenario for the pair's promotion — the breakout of the session maximum is Chf0.9250 and there may be an increase to Chf0.9225 (February 15 high)

An alternative scenario — correction and may be a decrease to Chf0.9150-70 (February 21-23 lows)

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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