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- USD/CHF trades near 4-month highs
USD/CHF trades near 4-month highs
The USD/CHF pair is trading in the 0.8870-0.8900 range today, having reached a 4-month high since the beginning of trading. On the hourly chart, the pair moved slightly above the H1 MA (200) H1 (0.8805) moving average line and on the four-hour chart above the H4 MA (200) H4 (0.8790). Technically speaking, the 0.8900 resistance level may keep prices from rising further. If this level is passed, the pair could rise to 0.8925. The lower boundary of 0.8820 represents a strong support level.
⦁ Resistance levels are: 0.8900, 0.8925, 0.9075
⦁ Support levels are: отметках: 0.8805-20, 0.8765, 0.8730
The main scenario for the pair implies a break of the session high of 0.8900 (Nov 16 high) and maybe a rise to 0.8925 (Nov 14 high)
The alternative scenario suggests a decline to 0.8805-20 (March 15 low, MA (200) H1) and then maybe to 0.8765 (March 13 low).
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