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- USD/CHF tests MA (200) H1
USD/CHF tests MA (200) H1
The USD/CHF pair is trading in the 0.8600-50 range today, after declining yesterday to a 2-week low. On the hourly chart, the pair is testing the MA (200) H1 moving average line (0.8650). On the four-hour chart, the pair remains slightly above the MA (200) H4 (0.8580). Technically speaking, the resistance level at 0.8660 keeps prices from rising further. If this level is passed, the pair could rise to 0.8685. The lower boundary of 0.8600 represents a strong support level.
⦁ Resistance levels are: 0.8650, 0.8685, 0.8730
⦁ Support levels are: отметках: 0.8600-05, 0.8550, 0.8455
The main scenario of the pair's advancement implies a break of the resistance 0.8650 (Jan 29 high, MA (200) H1) and there may be a rise to 0.8685 (Jan 25-26 high)
The alternative scenario implies a break of support 0.8600-05 (Jan 17 and 24, 29-30 lows) and may be a decline to 0.8550 (Jan 16 and 31 low)
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