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- USD/CHF tests MA (200) H1
USD/CHF tests MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8765-90 and is testing the MA (200) H1 moving average line (0.8780) on the hourly chart. On the four-hour chart, the pair is trading above the MA (200) H4(0.8730). Technically speaking, the support level at 0.8760 may keep prices from further declines. If this level is broken, the pair could fall to 0.8735. The upper boundary of 0.8830 represents a resistance level. The most probable range of the pair's movement for today may be hidden within the existing 0.8760-0.8830 range
⦁ Resistance levels are: 0.8790, 0.8830, 0.8920
⦁ Support levels are: 0.8760, 0.8735, 0.8690-0.8700
The main scenario for the pair implies a break of the session high of 0.8790 and may be a rise to 0.8830 (Aug 14, 18 and 21 high).
The alternative scenario implies a break of 0.8760 support (Aug 17 low) and may be a decline to 0.8735 (Aug 11 low)
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