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- USD/CHF remains below MA (200) H1
USD/CHF remains below MA (200) H1
Today, the USD/CHF pair is mainly growing from Chf0.8930 to Chf0.8970 after falling last week to a 5-week low of Chf0.8900. On the hourly chart, USD/CHF remains below the moving average line of MA (200) H1 (Chf0.9030) and on the four-hour chart below MA (200) H4 (Chf0.9000). Technically speaking, the support of Chf0.8900 can keep prices from further decline. The upper bound of Chf0.9060 represents the resistance level.
⦁ Resistance levels are: Chf0.8970, Chf0.9020, Chf0.9060
⦁ Support levels are: Chf0.8900, Chf0.8870, Chf0.8820
The main scenario of the pair's promotion assumes a breakout of support for Chf0.8900 (May 12 and June 16 low) and there may be a decline to Chf0.8870 (May 8 and 10 low)
An alternative scenario assumes a breakout of the session maximum of Chf0.8970 and there may be an increase to Chf0.9060 (June 14-15 high)
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