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- The USD/CHF remains above MA 200 H1
The USD/CHF remains above MA 200 H1
Yesterday, the USD/CHF traded higher and closed the day in the positive territory around the price of 0.9130. Today it also rose slightly, rising to 0.9140. On the hourly chart, USD/CHF is still trading above the moving average line MA (200) H1 (0.9125). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the north direction in trading and while the pair remains above MA 200 H1, may be need to look for entry points to buy at the end of the correction.
- Resistances levels are at: 0.9150-55, 0.9170, 0.9205
- Support levels are at: 0.9115, 0.9080-85, 0.9065
Probably, the main scenario is a resumption of growth to 0.9150 (May 27 high).
The alternative scenario is a final consolidation below the MA 200 H1 level, followed by a decline to 0.9085 (May 28 low).
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