Technical Analysis
18.09.2024, 11:42

USD/CHF dropped to a weekly low

Today, the USD/CHF pair is mainly declining from 0.8470 to 0.8420, reaching a weekly low. On the hourly chart, the pair is testing the moving average line MA (200) H1 (0.8470), but on the four-hour chart it remains below MA (200) H4 (0.8535). Technically speaking, the support of 0.8420 keeps USD/CHF from further decline for now. If this level is broken, the pair may fall to 0.8375. The upper limit of 0.8550 represents a strong resistance level.


Resistance levels are: 0.8470-80, 0.8500, 0.8550


Support levels are: отметках: 0.8420, 0.8375, 0.8330


The main scenario for the pair's promotion assumes a breakout of the support 0.8420 (Sept 11 low) and may be a decrease to 0.8375 (Sept 6 low)


An alternative scenario implies a breakout of resistance 0.8470-80 (Sept 17 high, MA (200) H1) and 0.8500 (Sept 10 high) and there may be an increase to 0.8550 (Sept 12 high)

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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