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- USD/CHF is rising, but remains below MA (200) H1
USD/CHF is rising, but remains below MA (200) H1
Today, the USD/CHF pair is mainly growing from 0.8805 to 0.8845, slightly retreating from the 4-month low of 0.8780 reached yesterday. On the hourly chart, USD/CHF remains below the moving average line of MA (200) H1 (0.8875) and on the four-hour chart below MA (200) H4 (0.8935). Technically speaking, the resistance level of 0.8875 can keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.8925. The lower bound of 0.8765-80 represents a strong support area.
⦁ Resistance levels are: 0.8875, 0.8925, 0.8980
⦁ Support levels are: отметках: 0.8765-80, 0.8730, 0.8690
The main scenario for the pair's promotion assumes a decrease to 0.8765-80 (March 13 and July 25 lows) and then, maybe, to 0.8730 (March 8 low)
An alternative scenario implies a breakout of MA (200) H1 (0.8875) and there may be an increase to 0.8925 (July 23-24 high)
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