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- USD/CHF is trading near a monthly high
USD/CHF is trading near a monthly high
Today, the USD/CHF pair is trading in the range of 0.8985-0.9020, having reached an almost one-month high. On the hourly chart, the pair rose above the moving average line MA (200) H1 (0.8940), but on the four-hour chart it is testing MA (200) H4 (0.8990). Technically speaking, the resistance level of 0.9070 can keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.9160. The lower bound of 0.8905 represents a strong support level.
⦁ Resistance levels are: 0.9070, 0.9160, 0.9225
⦁ Support levels are: отметках: 0.8980, 0.8940, 0.8905
The main scenario for the pair's promotion assumes an increase to 0.9070 (May 31 high) and then, maybe, to 1.9160 (May 22-27 high)
An alternative scenario implies a breakout of support at 0.8980 (June 28 low and MA (200) H1 (0.8940) and there may be a decrease to 0.8905 (June 21 low)
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