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- USD/CHF dropped slightly below MA (200) H1
USD/CHF dropped slightly below MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8520-65 and on the hourly chart fell slightly below the MA (200) H1 moving average line (0.8645). On the four-hour chart, the pair is trading below MA (200) H4 (0.8780). Technically speaking, the 0.8495 support level may keep USD/CHF from further decline. If this level is broken, the pair may fall to 0.8430. The upper limit of 0.8750 represents a strong resistance level.
⦁ Resistance levels are: 0.8645, 0.8750, 0.8875
⦁ Support levels are: отметках: 0.8495, 0.8430, 0.8330
The main scenario for the pair's promotion assumes a breakout of the support of 0.8495 (Aug 6 low) and there may be a decrease to 0.8430 (Aug 5 low)
An alternative scenario implies a breakout of MA (200) H1 (0.8655) and resistance of 0.8750 (Aug 15 high) and there may be an increase to 0.8875 (July 30 high).
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