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- USD/CHF is trading near a 2-week low
USD/CHF is trading near a 2-week low
Today, the USD/CHF pair is mainly declining from 0.8645 to 0.8615 and remains near the 2-week low of 0.8615 reached yesterday. On the hourly chart, USD/CHF fell slightly below the moving average line MA (200) H1 (0.8660), but on the four-hour chart it remains above MA (200) H4 (0.8580). Technically speaking, the 0.8605-15 support area is still keeping 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: 0.8645, 0.8700, 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 session high of 0.8645 and MA (200) H1 (0.8660) and there may be an increase to 0.8700 (Oct 28-29 high)
An alternative scenario implies a breakout of support 0.8605-15 (Oct 15-16 and Nov 4 lows) and there may be a decrease to 0.8555 (Oct 10-11 low)
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