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- USD/CHF is declining and testing MA (200) H1
USD/CHF is declining and testing MA (200) H1
Today, the USD/CHF pair is mainly declining from 0.9110 to 0.9080, retreating from the 6-month high of 0.9150 reached this week. On the hourly chart, USD/CHF is testing the MA (200) H1 (0.9100) moving average line, but on the four-hour chart it is trading above MA (200) H4 (0.8955). Technically speaking, the 0.9075 support level may keep prices from further decline. If this level is passed, the pair may fall to 0.9025. The upper limit of 0.9150 represents a strong resistance level.
⦁ Resistance levels are: 0.9130-50, 0.9185, 0.9250
⦁ Support levels are: отметках: 0.9075, 0.9025, 0.9000
The main scenario for the pair's promotion implies an increase to 0.9130-50 (April 10-17 highs) and then, maybe, to 0.9185 (Oct 5 high)
An alternative scenario assumes a breakout of support 0.9075 (April 11 low), there may be a decrease to 0.9000 (April 5 low)
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