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- USD/CHF trades slightly below 6-month highs
USD/CHF trades slightly below 6-month highs
The USD/CHF pair is trading in the 0.9090-0.9190 range today after hitting a new 6-month high of 0.9225 on Wednesday. On the hourly chart, the pair remains slightly above the MA (200) H1(0.9085) moving average line and on the four-hour chart above the MA (200) H4 (0.8915). Technically speaking, 0.9085-90 support could keep prices from going lower. If this level is passed, the pair could fall to 0.9040. The upper boundary of 0.9225 represents a resistance level.
⦁ Resistance levels are: 0.9225-45, 0.9315, 0.9340
⦁ Support levels are: 0.9085-90, 0.9040, 0.8985
The main scenario for the pair implies a break of resistance at 0.9225-45 (March 22 and 28-29, Sept 27 high) and there could be a rise to 0.9315 (March 21 high).
The alternative scenario suggests a break of the session low of 0.9090 and MA (200) H1(0.9085) and there could be a decline to 0.9040 (Sept 21 low)
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