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- Technical Analysis
- USD/CHF is trading near a near one-month high
USD/CHF is trading near a near one-month high
Today, the USD / CHF pair is trading in the range of Chf0. 9155-1.9200, reaching a nearly one-month high. A strong resistance level of Chf0. 9200 (August 12 high, session high) keeps USD / CHF from further growth. If it breaks through, the pair may soar to Chf0. 9240 (August 3 high). The lower bound of Chf0. 9120 (September 7 low) represents the support level. If this level is passed, USD / CHF may follow a correction to Chf0. 9080-95 (September 3-4 lows, MA (200) H1). The most likely range of movement of the pair to date may be hidden within the range of Chf0. 9120-0.9200.
⦁ Resistance levels are at: Chf0.9200, Chf0.9240, Chf0.9300
⦁ Support levels are at: Chf0.9120, Chf0.9080-95, Chf0.9025
The main scenario for the pair's promotion - if the resistance breaks through Chf0.9200 (August 12 high, session high), the pair is likely to rise to Chf0.9240 (August 3 high).
An alternative scenario - in the event of a breakout of support for Chf0. 9120 (September 7 low), the pair is likely to decline to Chf0.9080-95 (September 3-4 lows, MA (200) H1).
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