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- USD/CHF is testing MA (200) H1
USD/CHF is testing MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8450-75 after reaching the lowest value since the beginning of the year 0.8400 last week. On the hourly chart, the pair tests the moving average line MA (200) H1 (0.8475) and on the four-hour chart remains below MA (200) H4 (0.8630). Technically speaking, the 0.8540-65 resistance area has kept USD/CHF from rising this week. If this level is broken, the pair may rise to 0.8630. The lower bound of 0.8400 represents a strong support level.
⦁ Resistance levels are: 0.8540-65, 0.8630, 0.8750
⦁ Support levels are: отметках: 0.8450, 0.8400, 0.8330
The main scenario for the pair's promotion assumes a breakout of the support 0.8450 (Aug 26, Sept 4 low ) and may be a decrease to 0.8400 (Aug 29 low)
An alternative scenario implies a breakout of the resistance of 0.8540-65 (Aug 21-23, Sept 3-4 highs) and there may be an increase to 0.8630 (Aug 20 high)
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