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- USD/CHF is trading near the weekly high.
USD/CHF is trading near the weekly high.
The USD/CHF pair is mostly down today from 0.8850 to 0.8820 after rising yesterday to a weekly high of 0.8840. On the hourly chart, the pair moved slightly above the MA (200) H1 (0.8800) moving average line and on the four-hour chart above the MA (200) H4 (0.8775). Technically speaking, the 0.8880 support level may keep prices from further declines. If this level is passed, the pair could fall towards 0.8765. The upper boundary of 0.8865 represents a strong resistance level.
⦁ Resistance levels are: 0.8855-65, 0.8890-0.8900, 0.9025
⦁ Support levels are: отметках: 0.8800, 0.8765, 0.8730
The main scenario for the pair implies a break of the support MA (200) Н1 (0.8800) and a possible decline to 0.8765 (March 13 low)
The alternative scenario implies a break of 0.8855-65 (March 5-6 high) and a possible rise to 0.8890 (March 1 high).
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