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- USD/CHF rose to a 2-week high.
USD/CHF rose to a 2-week high.
The USD/CHF pair is mostly rising in the 0.9015-50 range today, reaching a 2-week high. On the hourly chart, the pair rose above the MA (200) H1 moving average line (0.8960) and is testing the MA (200) H4 (0.9040) on the four-hour chart. Technically speaking, the resistance level at 0.9050 may keep prices from rising further. If this level is passed, the pair could rise to 0.9090. The lower boundary of 0.8960 represents a strong support level.
⦁ Resistance levels are: 0.9050, 0.9090, 0.9025
⦁ Support levels are: 0.9005, 0.8960, 0.8920
The main scenario for the pair implies a break of the session high of 0.9010 and maybe a rise to 0.9090 (Oct 12 high).
The alternative scenario implies a decline to 0.9005 (Oct 19 and 24 high) and then, maybe, to 0.8960 (Oct 26 low, MA (200) H1).
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