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- USD/CHF rose to a 3-week high
USD/CHF rose to a 3-week high
Today, the USD/CHF pair is mainly growing from 0.8910 to 0.8945, reaching a 3-week high. The pair broke through the resistance of 0.8895, which became the closest support. On the hourly chart, USD/CHF consolidated above the moving average line MA (200) H1 (0.8835) and on the four-hour chart it rose above MA (200) H4 (0.8805). Technically speaking, the resistance of 0.8960 may keep USD/CHF from further growth. If this level is broken, the pair may rise to 0.9005. The lower bound of 0.8810 represents a strong support level.
⦁ Resistance levels are: 0.8960, 0.9005, 0.9050
⦁ Support levels are: отметках: 0.8895, 0.8850, 0.8810
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 support at 0.8895 (Nov 26 high), a decline to 0.8850 (Dec 6 and 11 high) and then, maybe, to 0.8810 (Dec 11 low)
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