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- USD/CHF testing MA (200) H1
USD/CHF testing MA (200) H1
Today the USD/CHF pair is trading in the range of 0.8805-40 and on the hourly chart is testing the MA (200) H1 (0.8795) moving average line. On the four-hour chart, the pair is trading above the MA (200) H4 (0.8660). Technically speaking, the resistance level at 0.8840 may keep prices from rising further. If this level is passed, the pair could rise to 0.8900. The lower boundary of 0.8725 represents a strong support level.
⦁ Resistance levels are: 0.8840, 0.8885-0.8900, 0.9025
⦁ Support levels are: отметках: 0.8780, 0.8725, 0.8690
The main scenario for the pair implies a break of resistance at 0.8840 (Feb 16 high, session high) and a possible rise to 0.8885-0.8900 (Feb 14 and Nov 16 highs)
The alternative scenario implies a break of support at 0.8780 (Feb 15 low) and a possible decline to 0.8725 (Feb 8-12 lows).\
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