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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 0.8870-90 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)
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