Technical Analysis
22.07.2024, 11:34

USD/CHF remains below MA (200) H1

Today, the USD/CHF pair is trading in the range of 0.8870-90 after falling last week to a 4-month low of 0.8820. On the hourly chart, the pair remains below the MA (200) H1 moving average line (0.8925). The situation is similar on the four-hour chart. Technically speaking, the resistance level of 0.8900 can keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.8945. The lower bound of 0.8820 represents a strong support level.


Resistance levels are: 0.8900, 0.8945, 0.8980


Support levels are: отметках: 0.8820, 0.8765, 0.8730


The main scenario for the pair's promotion assumes a decrease to 0.8820 (March 15-18 and July 17 low) and then, maybe, to 0.8765 (March 13 low) 

An alternative scenario implies a breakout of the resistance of 0.8900 (July 19 high) and MA (200) H1 (0.8925) and there may be an increase to 0.8945 (July 17 high)

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

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