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- USD/CHF remains above the MA (200) H1.
USD/CHF remains above the MA (200) H1.
Today, the USD/CHF pair is trading in the 0.8830-55 range and on the hourly chart it remains above the MA (200) H1 (0.8820) moving average line . On the four-hour chart, the pair is trading above the MA (200) H4 (0.8745). Technically speaking, the resistance level at 0.8865 may keep prices from rising further. If this level is passed, the pair could rise to 0.8900. The lower boundary of 0.8780 represents a strong support level.
⦁ Resistance levels are: 0.8865, 0.8890-0.8900, 0.9025
⦁ Support levels are: отметках: 0.8805-25, 0.8780, 0.8725-40
The main scenario for the pair implies a break of resistance at 0.8865 (March 5 high) and may be a rise to 0.8890-0.8900 (March 1 and Nov 16 highs)
The alternative scenario implies a break of support 0.8805-50 (March 4-5 lows, MA (200) H1) and may be a decline to 0.8780 (Feb 23 and 28 low).
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