Today, the USD/CHF pair is trading in the range of 0.9130-75, after rising yesterday to an 8-month high of 0.9200. On the hourly chart, the pair remains above the MA (200) H1 moving average line (0.9110) and above MA (200) H4 (0.8955) on the four-hour chart. Based on the above, it is probably worth sticking to the northern direction in trading and as long as the pair remains above the MA 200 H1, it is necessary to look for entry points to buy. Technically speaking, the resistance of 0.9200 is keeping USD/CHF from further growth for now. If this level is breached, the pair may rise to 0.9225. The lower bound of 0.9100 represents a strong support level.
Resistance levels are: 0.9200, 0.9225, 0.9245
Support levels are: отметках: 0.9130, 0.9100-10, 0.9010-20
The main scenario for the pair's advance assumes a breakout of the resistance of 0.9200 (Jan 13 high) and there may be an increase to 0.9225 (May 1’ 2024 high)
An alternative scenario implies a breakout of the session low of 0.9130 and there may be a decline to 0.9100-10 (Jan 9 high, MA (200) H1)
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