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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 0.8900-25 - slightly above the 3-month low of 0.8880 reached earlier last week. On the hourly chart, the pair is testing the MA (200) H1 (0.8940) moving average line. On the four-hour chart, the pair remains below MA (200) H4 (0.9045). Technically speaking, the support level of 0.8880 can keep USD/CHF from further decline. If this level is broken, the pair may fall to 0.8840. The upper limit of 0.8995 represents a strong resistance level.
⦁ Resistance levels are: 0.8940-50, 0.8995, 0.9035
⦁ Support levels are: отметках: 0.8880-95, 0.8840, 0.8765
The main promotion scenario assumes a breakout of the 0.8880-95 area (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 0.8940-50 (June 14 high, MA (200) H1) and there may be an increase to 0.8995 (June 11 high)
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