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- USD/CHF is trading near a 2-month high
USD/CHF is trading near a 2-month high
Today, the USD/CHF pair is trading in the range of 0.8960-85 - near a new 2-month high. On the hourly chart, the pair moved above the MA (200) H1(0.8940) moving average line and on the four-hour chart above the MA (200) H4 (0.8840). Technically speaking, resistance at 0.8985 may keep prices from rising further. If this level is passed, the pair could rise to 0.9000-15. The lower boundary of 0.8880 represents a support level.
⦁ Resistance levels are: 0.8985, 0.9000-15, 0.9055
⦁ Support levels are: 0.8940-45, 0.8880-95, 0.8830
The main scenario of the pair's advance implies a break of resistance 0.8985 (Sept 18-19 high, session high) and there could be a rise to 0.9000-15 (June 30 and July 3-6 highs).
The alternative scenario implies a break of support 0.8940-45 (Sept 15 low, H1 MA (200)) and could be down to 0.8880-95 (Sept 6 and 9 lows)
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