- Analytics
- Market analysis
- Technical Analysis
- USD/CHF remains above MA (200) H1
USD/CHF remains above MA (200) H1
Today, the USD/CHF currency pair is recovering from a period of decline on the hourly chart. The pair is currently trading in the 0.9000-30 range, consolidating after recent gains. The price has broken through the MA (200) H1 moving average (0.8985) and is holding higher, which indicates a possible continuation of growth. The histogram began to decline after the previous rise, which may indicate a slowdown in bullish momentum. A pullback is possible if the MACD moves into the negative zone. USD/CHF is showing signs of recovery, but it needs to break through the 0.9040-55 area to continue growth. In case of a pullback, the important support levels are 0.8980 and 0.8955.
Resistance levels are: 0.9040-55, 0.9125, 0.9155
Support levels are: 0.8980-85, 0.8955, 0.8910
The main scenario for the pair's advance suggests a breakout of the area 0.9040-55 (Feb 19 and 28 highs) and there may be an increase to 0.9125 (Feb 10 high).
An alternative scenario implies a decline to 0.8980-85 (Feb 28 low, MA (200) H1) and then, perhaps, to 0.8955 (Feb 24 low).
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
