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- The USD/CHF slightly rose
The USD/CHF slightly rose
Yesterday, the USD/CHF traded down and closed the day in the red zone near the price of 0.8980. Today it on the contrary slightly rose, rising to the mark of 0.8995. On the hourly chart USD/CHF is still trading above the moving average line MA (200) H1 (0.8965). On the four-hour chart the situation is similar. Based on the above, it is probably worth sticking to the northern direction in trading and while the pair remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.
- Resistance levels are at: 0.9005, 0.9020, 0.9040-50
- Support levels are at: 0.8970-80, 0.8935, 0.8905
Probably, the main scenario is continued growth to 0.9005 (Dec 26 high).
The alternative scenario is consolidation below the MA 200 H1 level, followed by a fall to 0.8910 (Dec 23 low).
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