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- USD/CHF is testing MA (200) H1
USD/CHF is testing MA (200) H1
Today, the USD/CHF pair is mainly growing from 0.8645 to 0.8685, having regained most of the positions lost yesterday. The pair remains near a new 2-month high of 0.8700, reached at the beginning of yesterday's trading On the hourly chart, USD/CHF is testing the MA (200) H1 (0.8660) moving average line and remains above MA (200) H4 (0.8550) on the four-hour chart. Technically speaking, the resistance of 0.8700 may keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.8750. The lower bound of 0.8630 represents a strong support level.
⦁ Resistance levels are: 0.8700, 0.8750, 0.8875
⦁ Support levels are: отметках: 0.8630-40, 0.8605, 0.8555
The main scenario for the pair's promotion assumes a breakout of the resistance of 0.8700 (Oct 28 high) and there may be an increase to 0.8750 (Aug 18 high)
An alternative scenario implies a breakout of the area 0.8630-40 (Oct 17, 21 and 28 lows) and there may be a decrease to 0.8605 (Oct 15 low)
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