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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 is mainly declining from 0.8695 to 0.8620, retreating from the 2-month high of 0.8700 reached last week and reaching a 2-week low. On the hourly chart, USD/CHF is testing the MA (200) H1 (0.8665) moving average line, but on the four-hour chart it remains above MA (200) H4 (0.8575). Technically speaking, the support of 0.8605 can keep USD/CHF from further decline. If this level is broken, the pair may fall to 0.8555. The upper limit of 0.8700 represents a strong resistance level.
⦁ Resistance levels are: 0.8665, 0.8700, 0.8750
⦁ Support levels are: отметках: 0.8605, 0.8555, 0.8530
The main scenario for the pair's promotion assumes an increase to 0.8700 (Oct 28-29 high) and then, maybe, to 0.8750 (Aug 18 high)
An alternative scenario implies a breakout of 0.8605 support (Oct 15 low) and may be a decline to 0.8555 (Oct 10-11 low)
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