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- USD/CHF remains above MA (200) H1
USD/CHF remains above MA (200) H1
Today, the USD/CHF pair is trading mainly with growth in the range of Chf0.9305-45 and on the hourly chart remains above the MA (200) H1 moving average line (Chf0.9295). The situation is similar on the four-hour chart. Technically speaking, the resistance level of Chf0.9375-80 can keep prices from further growth. The lower bound of Chf0.9240 represents the support level.
⦁ Resistance levels are: Chf0.9375-80, Chf0.9460, Chf0.9500
⦁ Support levels are: Chf0.9295-0.9305, Chf0.9240, Chf0.9195
The main scenario for the pair's promotion — growth to Chf0.9375-80 (March 28-29 highs) and then maybe to Chf0.9460 (March 16 high)
An alternative scenario — support breakthrough of Chf0.9295-0.9305 (April 11 low, session minimum, MA (200) H1) and there may be a decline to Chf0.9240 (April 5 low)
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