- Analytics
- Market analysis
- Technical Analysis
- USD/CHF is testing the MA (200) H1.
USD/CHF is testing the MA (200) H1.
Today, the USD/CHF pair is trading in the 0.8740-65 range, having retreated from the 4-month low of 0.8670 recorded on Monday. On the hourly chart, USD/CHF is testing the strength of the MA (200) H1 moving average line (0.8745) and remains below the MA (200) H4 (0.8895) on the four-hour chart. Technically speaking, the 0.8715 support level may keep prices from further declines. If this level is passed, the pair could fall towards 0.8660-70. The upper boundary of 0.8875 represents a strong resistance level.
⦁ Resistance levels are: 0.8760-70, 0.8830, 0.8875
⦁ Support levels are: 0.8715, 0.8660-70, 0.8550
The main scenario for the pair implies a break of the support at 0.8715 (Dec 5 low) and may be a decline to 0.8660-70 (July 28 and Dec 4 low)
An alternative scenario suggests a break of resistance 0.8785 (Nov 29 and Dec 7 highs) and there could be a rise to 0.8830 (Nov 27 high)
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
