Technical Analysis
03.12.2024, 12:40

USD/CHF is testing MA (200) H1

Today, the USD/CHF pair is trading in the range of 0.8840-90 and is testing the MA (200) H1 (0.8855) moving average line on the hourly chart. On the four-hour chart, the pair remains above MA (200) H4 (0.8760). Technically speaking, the resistance of 0.8890 has so far kept USD/CHF from further growth. If this level is broken, the pair may rise to 0.8920. The lower bound of 0.8700 represents a strong support level. The most likely range of the pair's movement for today may be hidden within the existing range of 0.8790-0.8890.


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 0.8890 (Dec 2 high), an increase to 8920 (Nov 25 igh) and then, maybe, to 8960 (Nov 22 high) 

An alternative scenario implies a decrease to 0.8790 (Dec 2 low) 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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