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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 a wide range of 0.8335-0.8480 and is testing the MA (200) H1 (0.8470) moving average line on the hourly chart. On the four-hour chart, the pair remains slightly below MA (200) H4 (0.8510). Technically speaking, the resistance of 0.8520 is still keeping USD/CHF from rising. If this level is broken, the pair may rise to 0.8560. The lower bound of 0.8415 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 0.8415 (Sept 25 low) and there 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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