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- USD/CHF is trading slightly above MA (200) H1
USD/CHF is trading slightly above MA (200) H1
Today, the USD/CHF pair is trading in the range of Chf0.9315-40 and on the hourly chart remains slightly above the MA (200) H1 moving average line (Chf0.9305). 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: Chf0.9345, Chf0.9375-80, Chf0.9460
⦁ Support levels are: Chf0.9285, Chf0.9240, Chf0.9195
The main scenario for the pair's promotion — resistance breakout is Chf0.9345 (April 12 high) and there may be an increase to Chf0.9375-80 (March 28-29 and April 8-11 high)
An alternative scenario — support breakout of Chf0.9285 (April 12 low) and there may be a decline to Chf0.9240 (April 5 low)
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