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- USD/CHF rose to a near 3-week high
USD/CHF rose to a near 3-week high
Today, the USD/CHF pair is mainly growing in the range of 0.8515-50, reaching an almost 3-week high. On the hourly chart, the pair rose slightly above the moving average line MA (200) H1 (0.8480), but on the four-hour chart it remains below MA (200) H4 (0.8575). Technically speaking, the resistance of 0.8560 can keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.8630. The lower bound of 0.8420 represents a strong support level.
⦁ Resistance levels are: 0.8560, 0.8630, 0.8750
⦁ Support levels are: отметках: 0.8480, 0.8420, 0.8375
The main scenario for the pair's promotion assumes a decrease to MA (200) H1 (0.8480) and then, maybe, to 0.8420 (Sept 11 low)
An alternative scenario implies a breakout of the resistance of 0.8560 (Aug 21 high) and there may be an increase to 0.8630 (Aug 20 high)
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