Technical Analysis
05.08.2024, 12:00

USD/CHF drops to 7-month low

Today, the USD/CHF pair continues to decline and dropped from 0.8590 to a 7-month low of 0.8450. The pair broke through the 0.8575 support, which became the nearest resistance. On the hourly chart, the pair fell below the moving average line MA (200) H1 (0.8780) and on the four-hour chart below MA (200) H4 (0.8905). Technically speaking, the 0.8450 support level is still keeping USD/CHF from further decline. If this level is broken, the pair may fall to 0.8330. The upper limit of 0.8880 represents a strong resistance level.


Resistance levels are: 0.8575, 0.8780, 0.8880


Support levels are: отметках: 0.8450, 0.8330, 0.8300


The main scenario for the pair's promotion assumes a breakout of the session low of 0.8450 (Jan 5 low) and may be a decrease to 0.8550 (Dec 28 low). 


An alternative scenario implies a breakout of the resistance of 0.8575 (Aug 2 low) and MA (200) H1 (0.8780) may increase to 0.8880 (July 30 high).

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

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location