Today, the USD/CHF pair is trading in the 0.9110-65 range - slightly below the 6-month high of 0.9225 reached last week. On the hourly chart, the pair remains slightly above the MA (200) H1(0.9105) moving average line and on the four-hour chart above the MA (200) H4 (0.8925). Technically speaking, the 0.9090 support could keep prices from falling. 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: 0.9165, 0.9225-45, 0.9315
⦁ Support levels are: 0.9090, 0.9040, 0.8985
The main scenario for the pair implies a break of the session high of 0.9165 and may be a rise to 0.9225-45 (March 22 and 28-29, Sept 27 highs).
The alternative scenario implies a break of 0.9090 support (Sept 29 low) and may be a decline to 0.9040 (Sept 21 low)
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