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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 0.8645-60 and remains near the new 2-month high of 0.8670 reached last week. On the hourly chart, the pair rose above the moving average line MA (200) H1 (0.8625) and on the four-hour chart above MA (200) H4 (0.8520). Technically speaking, the resistance of 0.8670 is still keeping USD/CHF from further growth. If this level is broken, the pair may rise to 0.8750. The lower bound of 0.8555 represents a strong support level.
⦁ Resistance levels are: 0.8670, 0.8750, 0.8875
⦁ Support levels are: отметках: 0.8625-30, 0.8605, 0.8555
The main scenario of the pair's advance assumes a breakout of the resistance of 0.8670 (Oct 17-18 high) and there may be an increase to 0.8750 (Aug 18 high)
An alternative scenario implies a breakout of the support 0.8625-30 (Oct 17 and 21 low, MA (200) H1) and there may be a decrease to 0.8605 (Oct 15 low)
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