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- USD/CHF is testing MA (200) H1
USD/CHF is testing MA (200) H1
Today, the USD/CHF pair is mainly growing in the range of 0.8645-945 after falling last week to a 7-month low of 0.8430. On the hourly chart, the pair is testing the moving average line MA (200) H1 (0.8660), but on the four-hour chart it remains below MA (200) H4 (0.8865). Technically speaking, the resistance level of 0.8780 can keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.8880. The lower bound of 0.8430 represents a strong support level.
⦁ Resistance levels are: 0.8780, 0.8880, 0.8925
⦁ Support levels are: отметках: 0.8630, 0.8560, 0.8495
The main scenario for the pair's promotion assumes a decrease to 0.8630 (Aug 9 low) and 0.8560 (Aug 8 low) and there may be a decrease to 0.8495 (Aug 6 low)
An alternative scenario implies a breakout of the resistance of 0.8780 (July 25 low) and there may be an increase to 0.8880 (July 30 high).
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