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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 of 0.8855-90 after rising last week to a new 4-month high of 0.8920. On the hourly chart, USD/CHF rose above the moving average line MA (200) H1 (0.8810) and on the four-hour chart above MA (200) H4 (0.8670). Technically speaking, the resistance of 0.8820 is still keeping USD/CHF from further growth. If this level is broken, the pair may rise to 0.8980. The lower bound of 0.8700 represents a strong support level.
⦁ Resistance levels are: 0.8920-25, 0.8980, 0.9005
⦁ Support levels are: отметках: 0.8800-10, 0.8700, 0.8615
The main scenario for the pair's promotion assumes a breakout of the resistance of 0.8920-25 (July 23-24 and Nov 14 highs) and there may be an increase to 0.8980 (July 16 high)
An alternative scenario implies a breakout of the support 0.8800-10 (Nov 13 low, MA (200) H1) and there may be a decrease to 0.8700 (Nov 8 low)
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