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- USD/CHF is trading near 2-month highs
USD/CHF is trading near 2-month highs
Today, the USD/CHF pair is trading in the 0.8725-45 range - near the 2-week high of 0.8755 reached yesterday. On the hourly chart, the pair moved above the MA (200) H1 moving average line (0.8655) and on the four-hour chart above the MA (200) H4 (0.8585). Technically speaking, the resistance level at 0.8755 may keep prices from rising further. If this level is passed, the pair could rise to 0.8785. The lower boundary of 0.8655 represents a strong support level.
It is also worth noting that on the hourly chart, a bearish divergence has formed on the MACD indicator, which signals a possible change in the direction of price movement.
⦁ Resistance levels are: 0.8755, 0.8785, 0.8820
⦁ Support levels are: отметках: 0.8690, 0.8655, 0.8550
The main scenario of the pair's advance implies a break of the resistance at 0.8755 (Feb 7 high) and there may be a rise to 0.8785 (Dec 14 high)
The alternative scenario implies a break of the session low 0.8690 and MA (200) H1 (0.8655) and may be a decline to 0.8550 (Feb 2 low)
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