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- USD/CHF rose to a one-week high.
USD/CHF rose to a one-week high.
Today, the USD/CHF pair is mostly rising in the range of 0.8960-0.9000, reaching a weekly high. On the hourly chart, the pair is testing the strength of the MA (200) H1 moving average line (0.8970). On the four-hour chart, the situation is similar. Technically speaking, the resistance level of 0.9010 may keep prices from further growth. If this level is passed, the pair may rise to 0.9040. The lower boundary of 0.8890 represents a strong support level.
⦁ Resistance levels are: 0.9010, 0.9040, 0.9090
⦁ Support levels are: 0.8960, 0.8920, 0.8890
The main scenario for the pair implies a break of the session low and MA (200) H1 (0.8960) and may be a decline to 0.8820 (Oct 25 low).
The alternative scenario implies a break of resistance at 0.9010 (Oct 18 high) and a possible rise to 0.9040 (Oct 16 high).
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