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- USD/CHF rose slightly above MA (200) H1
USD/CHF rose slightly above MA (200) H1
Today, the USD/CHF pair is trading in the range of Chf0.8980-0.9020 and on the hourly chart has risen slightly above the MA (200) H1 moving average line (Chf0.8965). On the four-hour chart, the pair is testing MA (200) H4 (Chf0.9010). Technically speaking, the resistance of Chf0.9055-60 can keep prices from further growth. The lower bound of Chf0.8945 represents the support level.
⦁ Resistance levels are: Chf0.9020, Chf0.9055-60, Chf0.9110
⦁ Support levels are: Chf0.8980, Chf0.8945, Chf0.8900
The main scenario of the pair's promotion assumes a breakout of the session minimum of Chf0.8980 and there may be a decline to Chf0.8945 (June 29 low)
An alternative scenario assumes a breakout of the session maximum of Chf0.9020 and there may be an increase to Chf0.9055-60 (June 14-15 highs)
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