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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 mainly growing in the range of 0.8850-0.8910, starting from the moving average line MA (200) H1 (0.8850) 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 (0.8710). 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: 0.8920-25, 0.8980, 0.9005
⦁ Support levels are: отметках: 0.8850, 0.8800, 0.8700
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 session minimum and MA (200) H1 (0.8850) and there may be a decrease to 0.8800 (Nov 13 and 19 low)
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