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- USD/CHF rose above MA (200) H1
USD/CHF rose above MA (200) H1
Today, the USD/CHF pair is mainly growing in the range of 0.8980-0.9030. The pair is showing a confident recovery after the recent downtrend, breaking through the MA (200) H1) (0.8985), which may indicate a possible upward reversal. The MACD (5,34,5) shows green bars above zero, which confirms the upward momentum. A slight correction after touching the 0.9030 level may signal a short-term profit taking before a possible continuation of growth. It is recommended to monitor the behavior of USD/CHF at the level of 0.9030 to confirm the further direction. The lower limit of 0.8980 represents a strong support level.
Resistance levels are: 0.9030, 0.9055, 0.9085
Support levels are: 0.8980, 0.8955, 0.8910
The main scenario for the pair's advance suggests a breakout of the session high of 0.9030 and there may be an increase to 0.9055 (Feb 19 high).
An alternative scenario implies a decline to the session low of 0.8980 and then, perhaps, to 0.8955 (Feb 24 low).
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