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- USD/CHF consolidated below MA (200) H1
USD/CHF consolidated below MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.9040-65 after falling on Friday to a monthly low of 0.9005. On the hourly chart, the pair has fixed below the moving average line MA (200) H1 (0.9140) and on the four-hour chart, the pair is testing the strength of MA (200) H4 (0.9075). Technically speaking, the 0.9000-05 support level may keep prices from further decline. If this level is passed, the pair may fall to 0.8965. The upper bound of 0.9175 represents a strong resistance level.
⦁ Resistance levels are: 0.9105, 0.9175, 0.9225
⦁ Support levels are: отметках: 0.9000-05, 0.8965, 0.8840
The main scenario for the pair's promotion implies a decrease to 0.9000-05 (April 5 and May 3 lows)
An alternative scenario assumes a breakout of the support of 0.9105 (May 3 high) and MA (200) H1 (0.9130) and there may be an increase to 0.9175 (May 2 high)
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