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- USD/CHF is trading near a 2-year high
USD/CHF is trading near a 2-year high
Today, the USD/CHF pair is trading in the range of Chf0.9085-0.9120, again approaching the 2-month high of Chf0.9150. On the hourly chart, the pair rose slightly above the moving average line MA (200) H1 (Chf0.9050) and on the four-hour chart remains above MA (200) H4 (Chf0.8970). Technically speaking, the resistance of Chf0.9150 can keep prices from further growth. The lower bound of Chf0.9035 represents the support level.
⦁ Resistance levels are: Chf0.9150, Chf0.9195, Chf0.9225
⦁ Support levels are: Chf0.9065, Chf0.9035, Chf0.9005
The main scenario of the pair's promotion assumes a breakout of the resistance of Chf0.9150 (May 31 high) and there may be an increase to Chf0.9195 (April 3 high)
An alternative scenario assumes a breakthrough of MA (200) H1 (Chf0.9065) and may be a decline to Chf0.9035 (June 2 low)
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