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- USD/CHF can test the strength of MA (200) H1
USD/CHF can test the strength of MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8820-55 and on the hourly chart it can test the strength of the MA (200) H1 moving average line (0.8865). On the four-hour chart, the pair remains below MA (200) H4 (0.8930). Technically speaking, the resistance level of 0.8865 can keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.8925. The lower bound of 0.8765-75 represents a strong support area.
⦁ Resistance levels are: 0.8865, 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 0.8765-75 (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 (0.8865) and there may be an increase to 0.8925 (July 23-24 high)
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