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- USD/CHF remains below MA (200) H1
USD/CHF remains below MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8960-85 after falling on Monday to a 10-day low of 0.8945. On the hourly chart, the pair remains slightly below the MA (200) H1 (0.9000) moving average line. The situation is similar on the four-hour chart. Technically speaking, the 0.8945 support level kept USD/CHF from further decline. If this level is broken, the pair may fall to 0.8905. The upper limit of 0.9050 represents a strong resistance level.
⦁ Resistance levels are: 0.9000-05, 0.9050-70, 0.9160
⦁ Support levels are: отметках: 0.8945, 0.8905, 0.8825
The main scenario for the pair's promotion assumes a breakout of the support 0.8945 (June 26 and July 8 low) and may be a decrease to 0.8905 (June 21 low)
An alternative scenario implies an increase to 0.9000-05 (July 5 high, MA (200) H1) and then, maybe, to 0.9050-70 (May 31 and July 2-3 highs)
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