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- USD/CHF dropped to a weekly low
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)
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