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- USD/CHF dropped to a near one-month low
USD/CHF dropped to a near one-month low
Today, the USD/CHF pair fell from 0.8945 to 0.8870, reaching an almost one-month low. The pair broke through the resistance area of 0.8905-15, which became the nearest support. On the hourly chart, the pair fell below the moving average line MA (200) H1 (0.8960) and on the four-hour chart below MA (200) H4 (0.8955). Technically speaking, the support level of 0.8870 keeps USD/CHF from further decline for now. If this level is broken, the pair may fall to 0.8825. The upper limit of 0.8980 represents a strong resistance level.
⦁ Resistance levels are: 0.8905-15, 0.8980, 0.9005
⦁ Support levels are: отметках: 0.8870, 0.8825, 0.8730
The main scenario for the pair's promotion assumes a breakout of the session low of 0.8870 and may be a decrease to 0.8825 (June 18 low)
An alternative scenario implies a breakout of the 0.8905-15 area (June 21 and July 11 lows) and there may be an increase to 0.8980 (July 16 high)
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