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- USD/CHF grows and tests MA (200) H1
USD/CHF grows and tests MA (200) H1
Today, the USD/CHF pair is mainly growing from 0.8910 to 0.8975, regaining some of the positions lost on Friday. The pair remains slightly below the 6-month high of 0.9020 reached last week. On the hourly chart, USD/CHF is testing the MA (200) H1 moving average line (0.8925) and on the four-hour chart, it is trading above MA (200) H4 (0.8855). Technically speaking, the resistance of 0.9020 can keep USD/CHF from rising further. If this level is broken, the pair may rise to 0.9050. The lower limit of 0.8900 represents a strong support level.
⦁ Resistance levels are: 0.9020, 0.9050, 0.9085
⦁ Support levels are: отметках: 0.8900-10, 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 decline to 0.8900-10 (Dec 16 low, session low) and there may be a decline to 0.8810 (Dec 11 low)
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