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- USD/CHF rose to a 3-month high.
USD/CHF rose to a 3-month high.
The USD/CHF pair rose from 0.8985 to 0.9080 today, reaching a more than 3-month high. On the hourly chart, the pair rose above the MA (200) H1(0.8950) moving average line and on the four-hour chart above the MA (200) H4 (0.8850). Technically speaking, resistance at 0.9080 may keep prices from rising further. If this level is passed, the pair could rise to 0.9110-20. The lower boundary of 0.8930 represents a support level.
⦁ Resistance levels are: 0.9080, 0.9110-20, 0.9150
⦁ Support levels are: 0.8985, 0.8930, 0.8880-95
The main scenario for the pair implies a break of the session high of 0.9080 and a possible rise to 0.9110-20 (June 5, 7-8 and 12 highs).
The alternative scenario implies a breakout of the session low of 0.8985 and a possible decline to 0.8930 (Sept 20 low).
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