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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 Chf0.8945-75 and is testing the MA (200) H1 moving average line (Chf0.8960) on the hourly chart. On the four-hour chart, the pair remains slightly below MA (200) H4 (Chf0.9010). Technically speaking, the resistance of Chf0.9020 can keep prices from further growth. The lower bound of Chf0.8900 represents the support level.
⦁ Resistance levels are: Chf0.8975, Chf0.9005-20, Chf0.9060
⦁ Support levels are: Chf0.8935, Chf0.8900, Chf0.8870
The main scenario of the pair's promotion still assumes a decline to Chf0.8935 (June 30 low) and then, maybe, to Chf0.8900 (June 16 low)
An alternative scenario assumes a breakout of the session maximum of Chf0.8975 and there may be an increase to Chf0.9005-20 (June 30 and July 3 highs)
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