Technical Analysis
14.06.2024, 04:35

The USD/CHF is testing the resistance of MA 200 H1

Yesterday, the USD/CHF traded in different directions in the range of 0.8930-0.8965 and closed the day without significant changes. Today it was trading in a narrow range of 0.8930-45, remaining close to yesterday's closing price. On the hourly chart, USD/CHF is testing the strength of resistance - the moving average line MA (200) H1 (0.8940). On the four-hour chart, the pair still remains below the MA 200 H4 line. Based on the above, it is probably worth sticking to the southern direction in trading and while the pair remains below MA 200 H1, it may be necessary to look for entry points to sell at the end of the correction.

  • Resistances levels are at: 0.8980-90, 0.9020-35, 0.9070-75
  • Support levels are at: 0.8880-90, 0.8840-45, 0.8820-25

Probably, the main scenario is a resumption of the fall to 0.8895 (Jun 12 low).

The alternative scenario is a final consolidation above the level of MA 200 H1, with subsequent growth to 0.9035 (Jun 3 high).

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location