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- USD/CHF is declining, but remains above MA (200) H1
USD/CHF is declining, but remains above MA (200) H1
Today, the USD/CHF pair is mainly declining in the range of 0.8700-40, further retreating from the 4-month high of 0.8775 reached earlier this week. On the hourly chart, USD/CHF remains above the moving average line MA (200) H1 (0.8680) and on the four-hour chart above MA (200) H4 (0.8600). Technically speaking, the 0.8775 resistance has kept USD/CHF from rising so far. 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: 0.8740, 0.8775, 0.8880
⦁ Support levels are: отметках: 0.8680, 0.8615, 0.8555
The main scenario for the pair's promotion assumes a breakout of the session high of 0.8740 and may be an increase to 0.8775 (Nov 6-7 high)
An alternative scenario implies a decrease to MA (200) H1 (0.8680) and then, maybe, to 0.8615 (Nov 4-5 low)
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