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- USD/CHF is trading near a 4-month low
USD/CHF is trading near a 4-month low
Today, the USD/CHF pair is mainly declining in the range of 0.8800-30 - slightly above the 4-month low of 0.8775 reached last week. On the hourly chart, the pair fell slightly below the moving average line MA (200) H1 (0.8860) and on the four-hour chart below MA (200) H4 (0.8925). 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 bound of 0.8925 represents a strong resistance area.
⦁ Resistance levels are: 0.8860-80, 0.8925, 0.8980
⦁ Support levels are: отметках: 0.8765-75, 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 the resistance of 0.8860-80 (July 30 high, MA (200) H1) and there may be an increase to 0.8925 (July 23-24 high)
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