Today, the USD/CHF pair is trading mainly with an increase in the range of Chf0.9290-0.9320 - about a 5-week maximum. On the hourly chart, the pair was fixed above the moving average line MA (200) H1 (Chf0.9235). The situation is similar on the four-hour chart. Technically speaking, the resistance level of Chf0.9340 can keep prices from further growth. The lower bound of Chf0.9235-50 represents the support level.
⦁ Resistance levels are: Chf0.9340, Chf0.9375, Chf0.9395
⦁ Support levels are: Chf0.9290, Chf0.9235-50, Chf0.9150-65
The main scenario for the pair's promotion — resistance breakout is Chf0.9340 (January 31 high) and there may be an increase to Chf0.9375 (November 24 high)
An alternative scenario — breakout of the session minimum of Chf0.9290 and there may be a decline to Chf0.9235-50 (March 8-9 low, MA (200) H1)
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