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- USD/CHF is trading near a near 2-month low
USD/CHF is trading near a near 2-month low
The USD/CHF pair has dropped to an almost 2-month low of 0.8990 since the start of trading. Later, the pair rose and is trading at 0.9040. The USD/CHF pair is trading below MA (200) H1 (0.9065) and below MA (200) H4 (0.9090). In this situation, the scenario of a further decline in the USD/CHF pair is likely. Finding a position to sell may be a wise decision for those who want to take advantage of a stronger Swiss franc. The likely scenario for USD/CHF is a correction and a downward movement towards 0.8965. The upper bound of 0.9100 represents a strong resistance level.
⦁ Resistance levels are: 0.9065, 0.9100, 0.9175
⦁ Support levels are: отметках: 0.8990, 0.8965, 0.8920
The main scenario of the pair's promotion implies a breakout of the session minimum 0.8990 and may be a decrease to 0.8965 (March 22-23 low)
An alternative scenario assumes a breakout of MA (200) H1 (0.9065) and may be an increase to 0.9100 (May 9 and 14 high)
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