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- USD/CHF remains below MA (200) H1
USD/CHF remains below MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.9060-90 after falling on Friday to a monthly low of 0.9005. On the hourly chart, the pair remains below the moving average line MA (200) H1 (0.9120) and on the four-hour chart, the pair tests the strength of MA (200) H4 (0.9080). Technically speaking, the resistance level of 0.9120 may keep prices from rising further. If this level is passed, the pair may rise to 0.9175. The lower bound of 0.9000 represents a strong support level.
⦁ Resistance levels are: 0.9120, 0.9175, 0.9225
⦁ Support levels are: отметках: 0.9035, 0.9000-05, 0.8965
The main scenario of the pair's promotion implies a breakout of the support 0.9035 (May 6 low) and may be a decrease to 0.9000-05 (April 5 and May 3 lows)
An alternative scenario assumes a breakout of MA (200) H1 (0.9120) and may be an increase to 0.9175 (May 2 high)
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