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- USD/CHF remains below MA (200) H1
USD/CHF remains below MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8775-0.8805 - slightly above the monthly low of 0.8735 reached on Friday. On the hourly chart, the pair remains below the moving average line MA (200) H1 (0.8830) and on the four-hour chart it tests MA (200) H4 (0.8780). Technically speaking, the 0.8735 support may keep USD/CHF from further decline. If this level is broken, the pair may fall to 0.8700. The upper limit of 0.8850 represents a strong resistance level. The most likely range of the pair's movement for today may be hidden within the existing range of 0.8735-0.8850.
⦁ Resistance levels are: 0.8805, 0.8850, 0.8890
⦁ Support levels are: отметках: 0.8735, 0.8700, 0.8615
The main scenario for the pair's promotion assumes a breakout of the support 0.8735 (Dec 6 low) and may be a decrease to 0.8700 (Nov 8 low)
An alternative scenario implies a breakout of the session maximum of 0.8805 and may be an increase to 8850 (Dec 5 high)
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