Technical Analysis
14.05.2024, 11:36

USD/CHF is testing MA (200) H1

Today, the USD/CHF pair is trading in the range of 0.9070-90 and is testing the MA (200) H1 (0.9080) moving average line on the hourly chart. The situation is similar on the four-hour chart. Technically speaking, the 0.9045 support level may keep prices from further decline. If this level is passed, the pair may fall to 0.9000. The upper bound of 0.9225 represents a strong resistance level.


Resistance levels are: 0.9100, 0.9175, 0.9225

 

Support levels are: отметках: 0.9045, 0.9000-05, 0.8965


The main scenario of the pair's promotion implies a breakout to the support of 0.9045 (May 13 low) and may be a decrease to 0.9000-05 (April 5 and May 3 lows)

An alternative scenario assumes a breakout of resistance 0.9100 (May 9 high) and there may be an increase to 0.9175 (May 2 high)


Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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