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- USD/CHF is trading near a 4-month high
USD/CHF is trading near a 4-month high
Today, the USD/CHF pair is trading in the range 0.8735-75 - 4- the monthly maximum reached yesterday. Yesterday, the pair rose sharply and broke through the resistance of 0.8710, which became the closest support. On the hourly chart, USD/CHF rose above the moving average line MA (200) H1 (0.8675) and on the four-hour chart remained above MA (200) H4 (0.8595). Technically speaking, the resistance of 0.8775 keeps USD/CHF from further growth for now. If this level is broken, the pair may rise to 0.8880. The lower bound of 0.8615 represents a strong support level.
⦁ Resistance levels are: 0.8775, 0.8880, 0.8920
⦁ Support levels are: отметках: 0.8710, 0.8675, 0.8615
The main scenario for the pair's promotion assumes a breakout of support 0.8775 (Nov 6 high, session maximum) and there may be an increase to 0.8880 (July 30 high)
An alternative scenario implies a breakout of support 0.8710 (Nov 1 high), a decrease to MA (200) H1 (0.8675) and then, maybe, to 0.8615 (Nov 4-5 low)
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