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- USD/CHF is trading near a 2-month high
USD/CHF is trading near a 2-month high
Today, the USD/CHF pair is trading in the range of 0.8615-30, after rising on Monday to a 2-month high of 0.8640. On the hourly chart, the pair rose above the moving average line MA (200) H1 (0.8585) and on the four-hour chart above MA (200) H4 (0.8505). Technically speaking, the resistance of 0.8640 is still keeping USD/CHF from further growth. If this level is broken, the pair may rise to 0.8680. The lower bound of 0.8555 represents a strong support level.
⦁ Resistance levels are: 0.8640, 0.8680, 0.8750
⦁ Support levels are: отметках: 0.8605, 0.8555, 0.8530
The main scenario for the pair's promotion assumes a breakout of the resistance of 0.8630 (Oct 14 high) and there may be an increase to 0.8680 (Aug 18 high)
An alternative scenario implies a breakout of support 0.8605 (Oct 15 low), MA (200) H1 (0.8585) and there may be a decrease to 0.8555 (Oct 10 low)
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