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- USD/CHF remains above MA (200) H1
USD/CHF remains above MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8885-0.8920 after rising on Friday to an almost 5-month high of 0.8960. On the hourly chart, the pair remains above the moving average line MA (200) H1 (0.8860) and on the four-hour chart above MA (200) H4 (0.8720). Technically speaking, the resistance of 0.8860 may keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.9005. The lower bound of 0.8800 represents a strong support level.
⦁ Resistance levels are: 0.8960, 0.9005, 0.9050
⦁ Support levels are: отметках: 0.8850-60, 0.8800, 0.8700
The main scenario for the pair's promotion assumes a breakout of the resistance of 0.8960 (Nov 22 high) and there may be an increase to 0.9005 (July 5 high)
An alternative scenario implies a breakout of the support 0.8850-60 (Nov 22 low, MA (200) H1) and there may be a decrease to 0.8800 (Nov 13 and 19 low)
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