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- USD/CHF is trading near a 2-week low.
USD/CHF is trading near a 2-week low.
Today the USD/CHF pair is trading in the range of 0.8755-75 - near the 2-week low. On the hourly chart, the pair fell below the MA (200) H1 (0.8820) moving average line. On the four-hour chart, the pair is testing the MA (200) H4 (0.8750). Technically speaking, the support level at 0.8725 may keep prices from further declines. If this level is passed, the pair may fall to 0.8690. The upper boundary of 0.8865 represents a strong resistance level.
⦁ Resistance levels are: 0.8820-25, 0.8855-65, 0.8890
⦁ Support levels are: отметках: 0.8725-40, 0.8690, 0.8550
The main scenario for the pair implies a break of 0.8725 support (Feb 22 low) and maybe a decline to 0.8690 (Feb 6-7 low)
The alternative scenario suggests a rise to 0.8820-25 (March 7 high, MA (200) H1) and then, maybe, to 0.8855-65 (March 5-6 high).
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