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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 0.8520 to 0.8640 after falling this week to a 7-month low of 0.8430. On the hourly chart, the pair remains below the moving average line MA (200) H1 (0.8715) and on the four-hour chart below MA (200) H4 (0.8885). Technically speaking, the resistance level of 0.8715 can keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.8880. The upper bound of 0.8430 represents a strong support level.
⦁ Resistance levels are: 0.8715, 0.8880, 0.8925
⦁ Support levels are: отметках: 0.8495, 0.8430, 0.8330
The main scenario for the pair's promotion assumes a breakout of the support 0.8495 (August 6 low) and there may be a decrease to 0.8430 (Aug 5 low)
An alternative scenario implies a breakout of MA (200) H1 (0.8715), there may be an increase to 0.8880 (July 30 high).
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