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- USD/CHF is testing MA (200) H1
USD/CHF is testing MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8845-95, slightly retreating from the almost 5-month high of 0.8960 reached last week on Friday. On the hourly chart, the pair is testing the moving average line MA (200) H1 (0.8865), but on the four-hour chart it remains above MA (200) H4 (0.8720). Technically speaking, the support of 0.8800 can keep USD/CHF from further decline. If this level is broken, the pair may fall to 0.8700. The upper limit of 0.8960 represents a strong resistance level.
⦁ Resistance levels are: 0.8960, 0.9005, 0.9050
⦁ Support levels are: отметках: 0.8800, 0.8700, 0.8615
The main scenario for the pair's promotion assumes a breakout of the resistance of 0.8920 (Nov 25 high) and there may be an increase to 0.8960 (Nov 22 high)
An alternative scenario implies a breakout of support 0.8800 (Nov 13 and 19 low) and may be a decrease to 0.8700 (Nov 8 low)
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