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- USD/CHF is testing MA (200) H1
USD/CHF is testing MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8935-70 and is testing the MA (200) H1 moving average line (0.8945) on the hourly chart. On the four-hour chart, the pair remains below MA (200) H4 (0.9055). Technically speaking, the resistance level of 0.8995 may keep the pair from further growth. If this level is broken, then USD/CHF may rise to 0.9035. The lower bound of 0.8880 represents a strong support level.
⦁ Resistance levels are: 0.8995, 0.9030, 0.9070
⦁ Support levels are: отметках: 0.8880-95, 0.8840, 0.8765
The main promotion scenario assumes a decline to the area of 0.8880-95 (June 4, 6-7 and 12 lows) and then, maybe, to 0.8840 (March 21 low)
An alternative scenario implies a breakout of the resistance of 0.8995 (June 11 high) and there may be an increase to 0.9035 (June 3 high)
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