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- USD/CHF is testing MA (200) H1
USD/CHF is testing MA (200) H1
Today, the USD/CHF pair is mainly declining from Chf0.9090 to Chf0.9035 and is testing the MA (200) H1 moving average line (Chf0.9065) on the hourly chart. On the four-hour chart, the pair rose slightly above MA (200) H4 (Chf0.8995). Technically speaking, the resistance of Chf0.9110-20 can keep prices from further growth. The lower bound of Chf0.8985 represents the support level.
⦁ Resistance levels are: Chf0.9110-20, Chf0.9150, Chf0.9195
⦁ Support levels are: Chf0.9015, Chf0.8985, Chf0.8980
The main scenario of the pair's promotion assumes a breakout of support for Chf0.9015 (June 12 low) and there may be a decline to Chf0.8985 (June 9 low)
An alternative scenario assumes a breakout of the resistance of Chf0.9110-20 (June 5 and 7-8 highs) and there may be an increase to Chf0.9150 (May 31 high)
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