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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 range of Chf0.9080-0.9110 and is testing the MA (200) H1 moving average line (Chf0.9075) on the hourly chart. On the four-hour chart, the pair remains above MA (200) H4 (Chf0.8980). Technically speaking, the support of Chf0.9035 can keep prices from further decline. The upper bound of Chf0.9150 represents the resistance level.
⦁ Resistance levels are: Chf0.9120, Chf0.9150, Chf0.9195
⦁ Support levels are: Chf0.9075, Chf0.9035, Chf0.9005
The main scenario of the pair's promotion assumes a breakout of the resistance of Chf0.9120 (June 5 highs) and there may be an increase to Chf0.9150 (May 31 high)
An alternative scenario assumes a breakthrough of MA (200) H1 (Chf0.9075) and there may be a decrease to Chf0.9035 (June 2 and 6 low)
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