Technical Analysis
24.07.2024, 11:37

USD/CHF is testing MA (200) H1

Today, the USD/CHF pair is mainly declining from 0.8925 to 0.8865, having lost all positions gained since the beginning of the week. It is worth recalling that last week the pair reached a 4-month low of 0.8820. On the hourly chart, USD/CHF is testing the moving average line MA (200) H1 (0.8905) and on the four-hour chart it remains below MA (200) H4 (0.8945). Technically speaking, the resistance level of 0.8925 has so far kept USD/CHF from further growth. If this level is broken, the pair may rise to 0.8980. The lower bound of 0.8820 represents a strong support level.


Resistance levels are: 0.8925, 0.8980, 0.9005


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 0.8775 (March 13 low)

An alternative scenario implies a breakout of the resistance of 0.8925 (July 23 high, session high) and there may be an increase to 0.8980 (July 16 high)

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

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