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- The USD/CHF slightly decreased
The USD/CHF slightly decreased
Yesterday USD/CHF traded with increase and closed the day in the positive territory near the price of 0.8720. Today it on the contrary slightly decreased, having dropped to the mark of 0.8710. On the hourly chart USD/CHF is trading above the moving average line MA (200) H1 (0.8635). On the four-hour chart the situation is similar. Based on the above, it is probably worth sticking to the northern direction in trading and while the pair remains above MA 200 H1, it may be necessary to look for entry points for buying to form a correction.
- Resistance levels are at: 0.8750, 0.8775, 0.8820
- Support levels are at: 0.8650, 0.8620, 0.8545-60
Probably, the main scenario is subsequent growth to 0.8750 (Aug 15 high).
The alternative scenario is a final consolidation below the MA 200 H1 level, followed by a decline to 0.8435 (Aug 5 low).
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