- Analytics
- Market analysis
- Technical Analysis
- USD/CHF trades near 2-month highs
USD/CHF trades near 2-month highs
Today, the USD/CHF pair is trading in a range of 0.8910-35 - near the 2-month high of 0.8945 reached last week. On the hourly chart, the pair moved above the MA (200) H1(0.8895) moving average line and on the four-hour chart above the MA (200) H4 (0.8810). Technically speaking, resistance at 0.8845 may keep prices from rising further. If this level is passed, the pair could rise to 0.9000. The lower boundary of 0.8880 represents a support level.
⦁ Resistance levels are: 0.8945, 0.9000-15, 0.9055
⦁ Support levels are: 0.8880-95, 0.8830, 0.8795
The main scenario for the pair implies a break of resistance at 0.8945 (Sept 6 high) and may be up to 0.9000-15 (June 30 and July 3-6 highs).
The alternative scenario suggests a break of support at 0.8880-95 (Sept 6 and 18 lows, MA (200) H1) and there may be a decline to 0.8830 (Sept 4 low)
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
