Today the USD/CHF pair is trading in the range of 0.9005-25 and on the hourly chart the pair is testing the MA (200) H1 moving average line (0.9010). On the four-hour chart, the situation is similar. Technically speaking, the resistance level at 0.9050 may keep prices from further growth. If this level is passed, the pair may rise to 0.9075. The lower boundary of 0.8955 represents a strong support level.
⦁ Resistance levels are: 0.9050, 0.9075, 0.9110-25
⦁ Support levels are: 0.9000, 0.8955-70, 0.8920
The main scenario for the pair implies a rise to 0.9050 (Nov 13 high) and then, maybe, to 0.9075 (Nov 3 high).
The alternative scenario implies a break of 0.9000 support (Nov 10 low) and maybe a decline to 0.8955-75 (Nov 6 and 8 lows).
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