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- USD/CHF dropped to a 3-week low
USD/CHF dropped to a 3-week low
Today, the USD/CHF pair declined from Chf0.9315 to Chf0.9240, reaching a 3-week low. On the hourly chart, the pair has fallen below the moving average line MA (200) H1 (Chf0.9325), and on the four-hour chart it is testing MA (200) H4 (Chf0.9270). Technically speaking, the support level of Chf0.9150-65 can keep prices from further decline. The upper bound of Chf0.9380 represents the resistance level.
⦁ Resistance levels are: Chf0.9325, Chf0.9380, Chf0.9460-75
⦁ Support levels are: Chf0.9240, Chf0.9150-65, Chf0.9110
The main scenario for the pair's promotion — correction, and there may be an increase to MA (200) H1 (Chf0.9325)
An alternative scenario — breakout of the session minimum of Chf0.9240 and there may be a decline to Chf0.9150-65 (February 21-22, March 1 and 4-7 lows)
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