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- USD/CHF is testing MA (200) H1
USD/CHF is testing MA (200) H1
Today, the USD/CHF pair is mainly growing in the range of 0.8815-65 and is testing the strength of the MA (200) H1 (0.8830) moving average line on the hourly chart. The pair is trading slightly below the 4-month high of 0.8920 reached last week. On the four-hour chart, the pair remains above MA (200) H4 (0.8690). Technically speaking, the resistance of 0.8820 may keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.8980. The lower bound of 0.8800 represents a strong support level.
⦁ Resistance levels are: 0.8890, 0.8920-25, 0.8980
⦁ Support levels are: отметках: 0.8800, 0.8700, 0.8615
The main scenario of the pair's advance assumes a breakout of the resistance of 0.8890 (Nov 18 high) and may be an increase to 0.8920-25 (July 23-24 and Nov 14 high)
An alternative scenario implies a breakout of 0.8800 support (Nov 13 and 19 low) and may be a decrease to 0.8700 (Nov 8 low)
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