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- USD/CHF remains below the MA (200) Н1.
USD/CHF remains below the MA (200) Н1.
Today, the USD/CHF pair is trading in the 0.9000-30 range - slightly above the 3-week low of 0.8985 reached last week. On the hourly chart, the pair remains slightly below the MA (200)H1 (0.9060) moving average line, and on the four-hour chart it is testing the MA (200)H4 (0.9020). Technically speaking, the 0.9090 resistance level may keep prices from rising further. If this level is passed, the pair could rise to 0.9125. The lower boundary of 0.8985 represents a strong support level. The most likely range of USD/CHF movement for today may be hidden within the 0.8985-0.9090 range.
⦁ Resistance levels are: 0.9040-60, 0.9090, 0.9125
⦁ 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).
An alternative scenario suggests a break of 0.9040-60 resistance (Oct 16 high, MA (200) H1) and there could be a rise to 0.9090 (Oct 12 high).
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