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- USD/CHF is declining, but remains near an almost 2-year high
USD/CHF is declining, but remains near an almost 2-year high
Today, the USD/CHF pair is trading with a decline from Chf0.9535 to Chf0.9465, but remains near an almost 2-year high. On the hourly chart, the pair rose above the MA (200) H1 moving average line (Chf0.9390). The situation is similar on the four-hour chart. Technically speaking, the resistance level of Chf0.9535 can keep prices from further growth. The lower bound of Chf0.9390-0.9410 represents the support level.
⦁ Resistance levels are: Chf0.9535, Chf0.9585, Chf0.9650
⦁ Support levels are: Chf0.9390-0.9410 , Chf0.9325, Chf0.9285
The main scenario for the pair's promotion — resistance breakout is Chf0.9530 (June 30’ 2020 high, session maximum) and there may be an increase to Chf0.9585 (June 9’ 2020 high)
An alternative scenario — the pair's decline to Chf0.9390-0.9410 (April 15 low, MA (200) H1) and then, maybe, to Chf0.9325 (April 14 low)
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