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- USD/CHF retreated from a near 6-month high
USD/CHF retreated from a near 6-month high
Today, the USD/CHF pair is mainly declining from 0.8990 to 0.8930, retreating from the almost 6-month high of 0.9020 reached on Wednesday. On the hourly chart, USD/CHF remains above the moving average line MA (200) H1 (0.8910) and on the four-hour chart above MA (200) H4 (0.8845). Technically speaking, the resistance of 0.9020 has so far kept USD/CHF from further growth. If this level is broken, the pair may rise to 0.9050. The lower bound of 0.8900 represents a strong support level.
⦁ Resistance levels are: 0.9020, 0.9050, 0.9085
⦁ Support levels are: отметках: 0.8900-15, 0.8810, 0.8735
The main scenario for the pair's progress suggests an increase to 0.9020 (December 18-19 high) and then, maybe, to 0.9050 (July 2-3 high)
An alternative scenario implies a breakout of the support 0.8900-15 (Dec 16-18 lows, MA (200) H1) and there may be a decline to 0.8810 (Dec 11 low)
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