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- USD/CHF dropped below MA (200) H1
USD/CHF dropped below MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8490-0.8530, having reached a 2-week low. On the hourly chart, the pair fell below the moving average line MA (200) H1 (0.8630) and on the four-hour chart below MA (200) H4 (0.8770). Technically speaking, the 0.8430 support level may keep USD/CHF from further decline. If this level is broken, the pair may fall to 0.8330. The upper limit of 0.8750 represents a strong resistance level.
⦁ Resistance levels are: 0.8565, 0.8630, 0.8750
⦁ Support levels are: отметках: 0.8430, 0.8330, 0.8300
The main scenario for the pair's promotion assumes a breakout of the support 0.8430 (Aug 5 low) and may be a decrease to 0.8330 (Dec 27 low)
An alternative scenario implies a breakout of the resistance of 0.8565 (Aug 21 high) and MA (200) H1 (0.8630) may be an increase to 0.8750 (Aug 15 high).
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