Today, the USD/CHF pair is trading in the 0.8550-80 range - near the 2-week low. On the hourly chart, the pair fell slightly below the MA (200) H1 moving average line (0.8635). On the four-hour chart, the pair is testing the MA (200) H4 (0.8580). Technically speaking, the support level at 0.8550 may keep prices from further declines. If this level is passed, the pair may fall to 0.8455. The upper boundary of 0.8650 represents a strong resistance level.
⦁ Resistance levels are: 0.8650, 0.8685, 0.8730
⦁ Support levels are: отметках: 0.8550, 0.8455, 0.8330
The main scenario for the pair implies a break of the resistance at 0.8650 (Jan 29 high) and may be a rise to 0.8685 (Jan 25-26 high)
The alternative scenario implies a break of the support at 0.8550 (Jan 16 and 31 low) and may be a decline to 0.8455 (Jan 5 low).
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