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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 0.9135 to 0.9100 after rising last week to a 3-week high of 0.9160. On the hourly chart, the pair is testing the MA (200) H1 (0.9110) moving average line. The situation is similar on the four-hour chart. Technically speaking, the 0.9080 support level can keep the pair from further decline. If this level is broken, then USD/CHF may fall to 0.8990. The upper bound of 0.9160 represents a strong resistance level.
⦁ Resistance levels are: 0.9160, 0.9225, 0.9245
⦁ Support levels are: отметках: 0.9080, 0.8990, 0.8965
The main promotion scenario assumes a breakout of 0.9080 support (May 20 low) and may be a decrease to 0.8990 (May 16 low)
An alternative scenario implies an increase to 0.9160 (May 22 and 24 high) and then, maybe, to 0.9225 (May 1 high)
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