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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 in the Chf0.9625-70 range and is testing the MA (200) H1 moving average line (Chf0.9625) on the hourly chart. The pair retreated slightly from the monthly low of Chf0.9480 reached at the beginning of last week. MA (200) H4 (Chf0.9620) is testing on a four-hour chart. Technically speaking, the resistance of Chf0.9695 can keep prices from further growth. The lower bound of Chf0.9480 represents the support level.
⦁ Resistance levels are: Chf0.9695, Chf0.9780, Chf0.9870
⦁ Support levels are: Chf0.9555, Chf0.9480, Chf0.9410
The main scenario of the pair's promotion assumes a breakout of the support of Chf0.9555 (September 15 low) and there may be a decline to Chf0.9480 (August 13 low)
An alternative scenario assumes a breakout of the resistance of Chf0.9695 (September 19 high) and there may be an increase to Chf0.9780 (September 8 high)
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