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- USD/CHF is trading near a 3-month high.
USD/CHF is trading near a 3-month high.
Today, the USD/CHF pair is mostly rising in the 0.9040-70 range, near the more than 3-month high of 0.9080 reached yesterday. On the hourly chart, the pair moved above the MA (200) H1(0.8970) moving average line and on the four-hour chart above the MA (200) H4 (0.8860). 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: 0.9020, 0.8970-85, 0.8930
The main scenario for the pair implies a break of resistance at 0.9080 (Sept 21 high) and may be up to 0.9110-20 (June 5, 7-8 and 12 highs).
The alternative scenario implies a break of the support at 0.9020 (low of the U.S. session on Sept 21) and may be a decline to 0.8970-85 (Sept 21 low, MA (200) H1).
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