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- USD/CHF is trading near a 4-month low
USD/CHF is trading near a 4-month low
Today, the USD/CHF pair is trading in the range of Chf0.9410-30 after falling yesterday to a 4-month low of Chf0.9370. On the hourly chart, the pair dropped below the moving average line MA (200) H1 (Chf0.9530) and on the four-hour chart, the pair remains below MA (200) H4 (Chf0.9635). In this situation, the scenario of a further decline in the USD/CHF pair is likely and finding a sell position may be a wise decision for those who want to take advantage of a stronger Swiss franc.
⦁ Resistance levels are: Chf0.9445, Chf0.9555, Chf0.9650
⦁ Support levels are: Chf0.9370, Chf0.9315, Chf0.9285
The main scenario for the pair's promotion is a breakout of support for Chf0.9370 (August 11 low) and there may be a decline in Chf0.9315 (April 13 low)
An alternative scenario implies the growth of the pair to Chf0.9555 (August 9 high)
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