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- USD/CHF is testing MA (200) H1.
USD/CHF is testing MA (200) H1.
Today the USD/CHF pair is trading in the range of 0.8785-0.8820 and on the hourly chart is testing the MA (200) H1 (0.8820) moving average line. On the four-hour chart, the pair remains above the MA (200) H4 (0.8690). Technically speaking, the support level at 0.8725 may keep prices from further declines. If this level is passed, the pair could move down to 0.8690. The upper boundary of 0.8900 represents a strong resistance level.
⦁ Resistance levels are: 0.8840, 0.8885-0.8900, 0.9025
⦁ Support levels are: отметках: 0.8725-40, 0.8690, 0.8550
The main scenario for the pair implies a rise to 0.8840 (Feb 16 and 20 high) and then, maybe, to 0.8885-0.8900 (Feb 14 and Nov 16 highs)
The alternative scenario implies a break of support and 0.8725-40 (Feb 8-12 and 22 low) and maybe a decline to 0.8690 (Feb 6-7 low)
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