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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 0.8475-0.8500 after falling to an 8-month low of 0.8375 on Friday. On the hourly chart, the pair is testing the moving average line MA (200) H1 (0.8475), but on the four-hour chart it remains below MA (200) H4 (0.8995). Technically speaking, the resistance of 0.8565 can keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.8630. The lower bound of 0.8375 represents a strong support level.
⦁ Resistance levels are: 0.8535-65, 0.8630, 0.8750
⦁ Support levels are: отметках: 0.8375, 0.8330, 0.8300
The main scenario for the pair's promotion assumes a decrease to 0.8375 (Aug 6 low) and may be a decrease to 0.8330 (Dec 28 low)
An alternative scenario implies a breakout of the resistance of 0.8535-65 (Aug 21-23, Sept 3-4 highs) and there may be an increase to 0.8630 (Aug 20 high).
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