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- USD/CHF is trading near 3-week low.
USD/CHF is trading near 3-week low.
Today, the USD/CHF pair is trading in the range of 0.8990-0.9020 - near the 3-week low. On the hourly chart, the pair fell slightly below the moving average line of the MA (200) H1(0.9115) and is testing the MA (200) H4 (0.9000) on the four-hour chart. Technically speaking, the 0.8985 support level may keep prices from further declines. If this level is passed, the pair could fall to 0.8930. The upper boundary of 0.9125 represents a resistance level.
⦁ Resistance levels are: 0.9085, 0.9115-25, 0.9185
⦁ Support levels are: 0.8985, 0.8930, 0.8895
The main scenario for the pair implies a break of the support at 0.8985 (Sept 21 low) and maybe a decline to 0.8930 (Sept 20 low).
The alternative scenario implies a rise to 0.9085 (Oct 10 high) and then, maybe, to 0.9115-25 (Oct 9 high, MA (200) H1).
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