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- USD/CHF dropped to a new 4-month low
USD/CHF dropped to a new 4-month low
Today, the USD/CHF pair is mainly declining from 0.8855 to 0.8780, reaching a new 4-month low. The pair broke through the support of 0.8820, which became the nearest resistance. On the hourly chart, USD/CHF fell below the moving average line MA (200) H1 (0.8890) and on the four-hour chart remains below MA (200) H4 (0.8940). Technically speaking, the 0.8765 support level can keep USD/CHF from further decline. If this level is broken, the pair may fall to 0.8730. The upper limit of 0.8825 represents a strong resistance level.
⦁ Resistance levels are: 0.8820, 0.8925, 0.8980
⦁ Support levels are: отметках: 0.8765, 0.8730, 0.8690
The main scenario for the pair's promotion assumes a decrease to 0.8765 (March 13 low) and then, maybe, to 0.8730 (March 8 low)
An alternative scenario implies a breakout of the resistance of 0.8820 (July 17-18 low) and there may be an increase to 0.8925 (July 23-24 highs)
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