Today, the USD/CHF pair is trading with a slight decline from 0.8860 to 0.8820 after rising yesterday to a 3-month high of 0.8885. On the hourly chart, the pair remains above the MA (200) H1(0.8760) moving average line and on the four-hour chart above the MA (200) H4 (0.8630). Technically speaking, the resistance level at 0.8900 may keep prices from rising further. If this level is passed, the pair could rise to 0.9025. The lower boundary of 0.8725 represents a strong support level.
⦁ Resistance levels are: 0.8900, 0.9025, 0.9075
⦁ Support levels are: отметках: 0.8820, 0.8725-35, 0.8690
The main scenario for the pair implies a break of resistance at 0.8885-0.8900 (Feb 14 and Nov 16 highs) and a possible rise to 0.9075 (Nov 14 high)
The alternative scenario implies a break of the MA (200)Н1 (0.8760) and a possible decline to 0.8725 (Feb 8-12 low).
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