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- USD/CHF is testing MA (200) H1
USD/CHF is testing MA (200) H1
Today, the USD/CHF pair is trading mainly with an increase in the range of Chf0.9920-85, having regained some of the positions lost yesterday. On the hourly chart, the pair is testing the MA (200) H1 (Chf0.9960) moving average line, but on the four-hour chart it remains significantly higher than MA (200) H4 (Chf0.9620). Technically speaking, the support of Chf0.9920 can keep prices from falling. The upper bound of Chf1.0065 represents the resistance level.
⦁ Resistance levels are: Chf0.9985, Chf1.0025, Chf1.0065
⦁ Support levels are: Chf0.9920, Chf0.9870, Chf0.9830
The main scenario for the pair's promotion — breakout of the session maximum of Chf0.9985 and there may be an increase to Chf1.0025 (May 17 high)
An alternative scenario — support breakout of Chf0.9920 (May 17 low) and there may be a decline to Chf0.9870 (May 11 low)
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