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- USD/CHF is trading near a 10-week low
USD/CHF is trading near a 10-week low
Today, the USD/CHF pair is trading in the range of 0.8880-0.8905, having reached a new 10-week low. On the hourly chart, the pair fell below the moving average line MA (200) H1 (0.9005) and on the four-hour chart below MA (200) H4 (0.9075). Technically speaking, the support level of 0.8880 kept the pair from further decline. If this level is broken, then USD/CHF may fall to 0.8840. The upper limit of 0.9070 represents a strong resistance level.
⦁ Resistance levels are: 0.8970, 0.9030, 0.9070
⦁ Support levels are: отметках: 0.8880, 0.8840, 0.8765
The main promotion scenario assumes a breakout of the session low of 0.8880 and may be a decrease to 0.8840 (March 21 low)
An alternative scenario implies a breakout of resistance 0.8970 (June 4 high) and MA (200) H1 (0.9005) and there may be an increase to 0.9035 (June 3 high)
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