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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 Chf0.9000-55 and is testing the MA (200) H1 moving average line (Chf0.9050) on the hourly chart. On the four-hour chart, USD/CHF is testing MA (200) H4 (Chf0.9000). Technically speaking, the support of Chf0.8965 can keep prices from further decline. The upper bound of Chf0.9110-20 represents the resistance level.
⦁ Resistance levels are: Chf0.9060, Chf0.9110-20, Chf0.9150
⦁ Support levels are: Chf0.9000, Chf0.8965, Chf0.8940
The main scenario of the pair's promotion assumes a breakout of the session minimum of Chf0.9000 and there may be a decline to Chf0.8965 (June 14 low)
An alternative scenario assumes a breakout of the resistance of Chf0.9060 (June 14 high) and there may be an increase to Chf0.9110-20 (June 5 and 7-8 highs)
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