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- USD/CHF is trading near a 2-week high
USD/CHF is trading near a 2-week high
Today, the USD/CHF pair is mainly growing from Chf0.9755 to Chf0.9830 and is trading near a 2-week high. On the hourly chart, USD/CHF rose above the MA (200) H1 moving average line (Chf0.9650). The situation is similar on the four-hour chart. Technically speaking, the resistance of Chf0.9850-70 can keep prices from further growth. The lower bound of Chf0.9600-20 represents the support level.
⦁ Resistance levels are: Chf0.9850-70, Chf0.9890, Chf0.9990
⦁ Support levels are: Chf0.9755, Chf0.9650, Chf0.9600-20
The main scenario of the pair's promotion assumes a breakout of the resistance of Chf0.9850-70 (September 7 and 22 high) and there may be an increase to Chf0.9890 (July 14 high)
An alternative scenario assumes a breakout of the session minimum of Chf0.9755 and there may be a decrease in Chf0.9600-20 (September 16-22 lows)
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