The USD/CHF pair is trading in the 0.8820-45 range today after rising to a 10-day high of 0.8855 on Friday. 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 H4 MA (200) (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 and 15 highs) and a possible rise to 0.8890 (March 1 high).
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