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- USD/CHF is trading near a 7-week high
USD/CHF is trading near a 7-week high
Today, the USD/CHF pair is trading in the range of 0.8585-0.8615, having reached a 7-week high of 0.8615 since the beginning of trading. On the hourly chart, the pair rose above the MA (200) H1 moving average line (0.8530). The situation is similar on the four-hour chart. Technically speaking, the resistance of 0.8615 is still keeping USD/CHF from further growth. If this level is broken, the pair may rise to 0.8680. The lower bound of 0.8530 represents a strong support level.
⦁ Resistance levels are: 0.8615, 0.8680, 0.8750
⦁ Support levels are: отметках: 0.8565, 0.8530, 0.8490
The main scenario for the pair's promotion assumes a breakout of the session high of 0.8615 and may be an increase to 0.8680 (Aug 18 high)
An alternative scenario implies a breakout of the support of 0.8565 (Oct 9 low) and may be a decrease to 0.8530 (Oct 7-8 low, MA (200) H1)
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