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- USD / CHF is trading above MA (200) H1, but it has not yet managed to break through MA (200) H4
USD / CHF is trading above MA (200) H1, but it has not yet managed to break through MA (200) H4
Today, the USD/CHF pair is trading with growth, regaining most of the positions lost during yesterday's US trading: the pair rose to Chf0.9115, after falling yesterday from Chf0.9140 to Chf0.9080. A strong resistance level of Chf0. 9140-60 (August 20-21 and September 3 highs) keeps USD / CHF from further growth. If it breaks through, the pair may soar to Chf0. 9200 (August 12 high). The lower bound of Chf0. 9080 (September 3 low, MA (200) H1) represents the support level. If this level is passed, USD/JPY may follow a correction to Chf0.9060. The most likely range of movement of the pair to date may be hidden within the range of Chf0. 9080-0.9140.
⦁ Resistance levels are at: Chf0.9140-60, Chf0.9200, Chf0.9240
⦁ Support levels are at: Chf0.9060-80, Chf0.9025, Chf0.9000
The main scenario for the pair's promotion - in the event of a breakout of Chf0. 9080 (September 3 low, MA (200) H1), the pair is likely to decline to Chf0.9060 (August 21 low).
An alternative scenario - in the event of a breakout of Chf0. 9140-60 (August 20-21 and September 3 highs), the pair is likely to rise to Chf0.9200 (August 12 high).
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