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- USD/CHF is growing and testing MA (200) H1
USD/CHF is growing and testing MA (200) H1
Today, the USD/CHF pair is mainly growing from 0.8415 to 0.8500, regaining all the positions lost yesterday, and on the hourly chart it is testing the MA (200) H1 moving average line (0.8470). On the four-hour chart, the pair remains below MA (200) H4 (0.8520). Technically speaking, the resistance of 0.8520 can keep USD/CHF from rising. If this level is broken, the pair may rise to 0.8560. The lower bound of 0.8414 represents a strong support level. The most likely range of the pair's movement for today may be hidden within the existing range of 0.8415-0.8520.
⦁ Resistance levels are: 0.8520, 0.8550-60, 0.8630
⦁ Support levels are: отметках: 0.8415, 0.8375, 0.8330
The main scenario for the pair's promotion assumes a decrease to the session minimum of 0.8415 and may be a decrease to 0.8375 (Sept 6 low)
An alternative scenario implies a breakout of the resistance of 0.8520 (Sept 20-23 high) and there may be an increase to 0.8550-60 (Aug 21 and Sept 12 highs)
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