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- The USD/CHF remains above MA 200 H1
The USD/CHF remains above MA 200 H1
Yesterday, the USD/CHF traded in different directions in the range of 0.9010-0.9045 and closed the day without significant changes. Today the pair has grown slightly, rising to the level of 0.9030. On the hourly chart, USD/CHF is still trading above the moving average line MA (200) H1 (0.8965). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the north direction in trading and while the pair remains above the MA 200 H1, may be you need to look for entry points to buy when a correction is formed.
- Resistances levels are at: 0.9045, 0.9080, 0.9120
- Support levels are at: 0.9010, 0.8980, 0.8965
Probably, the main scenario is continued growth to 0.9045 (Oct 30 high).
The alternative scenario is a final consolidation below the MA 200 H1 level, followed by a fall to 0.8890 (Oct 24 low).
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