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- USD/CHF is testing the strength of MA (200) H1
USD/CHF is testing the strength of MA (200) H1
Today the USD/CHF pair is trading in the range of 0.8780-0.8800 and is testing the strength of the MA (200) H1(0.8800) moving average line on the hourly chart. On the four-hour chart, the pair is testing the MA (200) H4 (0.8770). Technically speaking, the support level at 0.8765 may keep prices from further declines. If this level is passed, the pair could fall to 0.8730. The upper boundary of 0.8865 represents a strong resistance level.
⦁ Resistance levels are: 0.8800, 0.8855-65, 0.8890
⦁ Support levels are: отметках: 0.8765, 0.8730, 0.8690
The main scenario for the pair implies a break of 0.8765 support (March 13 low) and a possible decline to 0.8730 (Feb 22 and March 8 lows)
The alternative scenario implies a break of 0.8800 (session high, MA (200) H1) and a possible rise to 0.8855-65 (March 5-6 highs).
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