Today, the USD/CHF pair is trading in the range Chf0.9150-Chf0.9205 and remains below the moving average MA (200) H1 (Chf0.9205) on the hourly chart. The situation is similar on the four-hour chart. Technically speaking, the resistance level of Chf0.9205 keeps prices from rising. The lower bound of Chf0.9150 represents the support level.
⦁ Resistance levels are: Chf0.9205, Chf0.9290-95, Chf0.9340
⦁ Support levels are: Chf0.9150, Chf0.9110, Chf0.9090
The main scenario for the pair's promotion — if the support of Chf0.9150 (February 21-22 low, session minimum) is broken, then the pair may fall to Chf0.9110 (January 21-24 low)
An alternative scenario — breakout of the session maximum and MA (200) H1 (Chf0.9205) and there may be an increase in the pair to Chf0.9290-95 (February 10-11 and 24 highs)
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