Today, the USD/CHF pair is mostly declining from 0.8825 to 0.8790 and is testing the moving average line MA (200) H1 (0.8825) on the hourly chart. On the four-hour chart, the pair is trading above the MA (200) H4 (0.8750). Technically speaking, the support level at 0.8780 may keep prices from further declines. If this level is passed, the pair could fall to 0.8725. The upper boundary of 0.8890 represents a strong resistance level.
⦁ Resistance levels are: 0.8825, 0.8855-65, 0.8890
⦁ Support levels are: отметках: 0.8780, 0.8725-40, 0.8690
The main scenario for the pair implies a breakout of the session high and MA (200) Н1 (0.8820) and a possible rise to 0.8855-65 (March 5-6 high)
The alternative scenario implies a break of the support at 0.8780 (Feb 23 and 29 low) and a possible decline to 0.8725 (Feb 22 low).
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