Technical Analysis
02.12.2024, 11:55

USD/CHF is growing and testing MA (200) H1

Today, the USD/CHF pair is mainly growing in the range of 0.8790-0.8860 and is testing the MA (200) H1 (0.8850) moving average line on the hourly chart. On the four-hour chart, H4 (0.8745) remains above MA (200). Technically speaking, the 0.8790 support has kept USD/CHF down so far. If this level is broken, the pair may fall to 0.8700. The upper limit of 0.8960 represents a strong resistance level. The most likely range of movement of the pair for today may be hidden within the range of 0.8790-0.8920.


Resistance levels are: 0.8860, 0.8920, 0.8960


Support levels are: отметках: 0.8790, 0.8700, 0.8615


The main scenario for the pair's promotion assumes a breakout of the session high of 0.8860, an increase to 8920 (Nov 25 high) and then, maybe, to 8960 (Nov 22 high) 

An alternative scenario implies a decrease to the session minimum of 0.8790 and then, maybe, to 0.8700 (Nov 8 low)


Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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