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- USD/CHF rose slightly above the MA (200) H1
USD/CHF rose slightly above the MA (200) H1
Today the USD/CHF pair is mostly rising in the range of 0.8650-0.8705 and on the hourly chart the pair rose slightly above the MA (200) H1 (0.8635) moving average line. On the four-hour chart, the pair has risen above the MA (200) H4 (0.8580). Technically speaking, the resistance level at 0.8730 may keep prices from rising further. If this level is passed, the pair could rise to 0.8785. The lower boundary of 0.8550 represents a strong support level.
⦁ Resistance levels are: 0.8730, 0.8785, 0.8820
⦁ Support levels are: отметках: 0.8635, 0.8550, 0.8480
The main scenario for the pair implies a break of the resistance at 0.8730 (Jan 23 high) and a possible rise to 0.8785 (Dec 14 high)
The alternative scenario implies a break of the MA (200) H1 (0.8635) and a decline to 0.8550 (Feb 2 low).
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