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- USD/CHF is growing and testing MA (200) H1
USD/CHF is growing and testing MA (200) H1
Today, the USD/CHF pair rose from 0.8630 to 0.8690 and is trading at a new 2-month high of 0.8700, reached since the beginning of the week. On the hourly chart, USD/CHF is testing the MA (200) H1 (0.8660) moving average line and remains above MA (200) H4 (0.8570) on the four-hour chart. Technically speaking, the resistance of 0.8700 keeps USD/CHF from further growth for now. If this level is broken, the pair may rise to 0.8750. The lower bound of 0.8625 represents a strong support level.
⦁ Resistance levels are: 0.8700, 0.8750, 0.8875
⦁ Support levels are: отметках: 0.8625-30, 0.8605, 0.8555
The main scenario for the pair's promotion assumes a breakout of the resistance of 0.8700 (Oct 28-29 high) and there may be an increase to 0.8750 (Aug 18 high)
An alternative scenario implies a breakout of support 0.8625-30 (Oct 17 low, session minimum) and there may be a decrease to 0.8605 (Oct 15 low)
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