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- USD/CHF tests MA (200) H1
USD/CHF tests MA (200) H1
Today, the USD/CHF pair is trading sideways near the 0.8820 level, facing resistance in the 0.8855 zone and support at 0.8820. On the hourly chart, the pair is testing the MA (200) H1 moving average line (0.8825), which indicates a balance of power between buyers and sellers. The MACD indicator shows weak dynamics, signaling the absence of a pronounced trend. In the event of a breakdown of the 0.8855 resistance, we can expect a move to 0.8865, while a steady consolidation below 0.8820 will increase pressure on the pair and open the way to 0.8780. The overall market sentiment remains neutral until the price goes beyond the current range.
Resistance levels are: 0.8855-65, 0.8925, 0.8970
Support levels are: 0.8820, 0.8780, 0.8750
The main scenario for the pair's advance suggests a breakout of the session low of 0.8820 and a possible decline to 0.8780 (March 31 low)
An alternative scenario implies an increase to the area of 0.8855-65 (March 14 and 25-26 highs) and then, perhaps, to 0.8925 (March 6 high)
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