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- USD/CHF tests MA (200) H1
USD/CHF tests MA (200) H1
Today, the USD/CHF hourly chart shows movement in a sideways range, with the price fluctuating around the MA (200) H1 moving average line (0.8815), which indicates market uncertainty. The nearest resistance is at 0.8850, and the next key resistance zone is 0.8865. If the price manages to overcome these levels, an increase to 0.8925 is possible. Support is located at 0.8795, with a breakdown of which a decline to 0.8750 is likely. The MACD indicator shows a weak growth of the histogram in the positive zone, indicating an attempt by buyers to seize the initiative. However, the lack of strong momentum indicates a possible continuation of consolidation.
Resistance levels are: 0.8850-65, 0.8925, 0.8970
Support levels are: 0.8795, 0.8750, 0.8735
The main scenario for the pair's advance suggests a decline of 0.8795 (March 21 low) and then, perhaps, to 0.8750 (March 18 low)
An alternative scenario implies a breakout of the area 0.8850-65 (March 14 and 25-26 highs) and there may be an increase to 0.8925 (March 6 high)
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