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- USD/CHF tests MA (200) H1
USD/CHF tests MA (200) H1
Today, the USD/CHF pair is mainly declining from 0.8840 to 0.8795 and is testing the MA (200) H1 moving average line (1.8815) on the hourly chart, which continues to point down. The upward pullback met resistance around 0.8845, after which the price began to decline again. The nearest support level is at 0.8795, the next one is at 0.8750. The MACD indicator shows a decrease in the histogram, which may indicate a possible continuation of the downward movement. If the price breaks through the 0.8795 support, a further decline is possible, while an increase above 0.8845 may signal a short-term strengthening of the dollar.
Resistance levels are: 0.8845-65, 0.8925, 0.8970
Support levels are: 0.8795, 0.8750, 0.8735
The main scenario for the pair's advance suggests a breakout of the support 0.8795 (March 21 low) and a possible decline to 0.8750 (March 18 low)
An alternative scenario implies a breakout of the area 0.8845-65 (March 14 and 20 high) and there may be an increase to 0.8925 (March 6 high)
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