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- USD/CHF tests MA (200) H1
USD/CHF tests MA (200) H1
Today the USD/CHF pair is trading in a wide range of 0.8780-0.8820 and on the hourly chart is testing the moving average line MA (200) H1(0.8790). On the four-hour chart, the pair is trading above the MA (200) H4(0.8725). Technically speaking, the resistance level at 0.8830 may keep prices from rising further. If this level is broken, the pair could rise to 0.8920. The lower boundary of 0.8760 represents a resistance level. The most probable range of the pair's movement for today may be hidden within the existing range of 0.8760-0.8830.
⦁ Resistance levels are: 0.8830, 0.8920, 0.9000
⦁ Support levels are: 0.8760-65, 0.8735, 0.8690-0.8700
The main scenario for the pair implies a break of 0.8830 (Aug 14, 18 and 21 highs) and there could be a rise to 0.8920 (July 10 high).
The alternative scenario implies a break of 0.8760-65 support (August 17 and 22 lows) and may be a decline to 0.8735 (August 11 low).
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